It’s been announced that Nortstrom Inc will take the large north-end premises now being vacated by Sears at the Toronto Eaton Centre. This store was the original home of Eaton’s from the time TEC was built to the company’s bankruptcy in the late 1990s. Construction will begin on the new three-floor Nordstrom store in March. Seattle-based Nordstrom had already acquired several department store spaces vacated by Sears. Cadillac Fairview manages the Toronto Eaton Centre as well as prominent malls in Vancouver, Calgary and Ottawa that will have Nordstrom stores. This announcement was perhaps the most poorly-held secret in retailing since Sears said it was leaving downtown Toronto earlier this year. Many concluded then that the deal had already been done. “Our properties were the first to welcome Nordstrom to Canada, and we’re thrilled to continue our partnership with Nordstrom,” said John Sullivan, Cadillac Fairview’s president and chief executive.Nordstrom will take Sear’s premier spot at TEC
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It’s been announced that Nortstrom Inc will take the large north-end premises now being vacated by Sears at the Toronto Eaton Centre. This store was the original home of Eaton’s from the time TEC was built to the company’s bankruptcy in the late 1990s. Construction will begin on the new three-floor Nordstrom store in March. Seattle-based Nordstrom had already acquired several department store spaces vacated by Sears. Cadillac Fairview manages the Toronto Eaton Centre as well as prominent malls in Vancouver, Calgary and Ottawa that will have Nordstrom stores. This announcement was perhaps the most poorly-held secret in retailing since Sears said it was leaving downtown Toronto earlier this year. Many concluded then that the deal had already been done. “Our properties were the first to welcome Nordstrom to Canada, and we’re thrilled to continue our partnership with Nordstrom,” said John Sullivan, Cadillac Fairview’s president and chief executive.