Monday, 8 April 2013

News: Nordstrom Announces Yorkdale Location

Today Oxford Properties Group confirmed that Nordstrom will be opening at its Yorkdale shopping centre in fall 2016 as the anchor store in a new three-level 298,000 square foot expansion. Last year Nordstrom announced its entry into Canada with 4 locations in Vancouver, Calgary, Ottawa, and Toronto (all in malls owned by Oxford rival Cadillac Fairview).

Yorkdale, which boasts one of the highest sales productivity rates in the country, has been a key Canadian gateway for many international retailers. Last fall it unveiled a 145,000 square foot expansion and added retailers such as Tesla Motors, the Microsoft Store, Kate Spade, and Ted Baker.

The new extension will be constructed adjacent to the Silver City cinemas, currently the site of a multi-level parking deck. The defunct department store Eaton’s used to anchor this end of the mall, before being shuttered in 2002 and replaced with a collection of retailers in a renovation completed in 2005.

This year retailers such as All Saints, John Varvatos, Zara Home, and Mulberry will mark their Canadian debut at the shopping centre. As well, department store rivals Holt Renfrew and Hudson’s Bay are completing multi-million dollar renovations to their Yorkdale locations. Construction on the expansion will commence in January 2014.

From the official Press Releases:

 “In the past year, Yorkdale has added an impressive number of new and innovative brands to the shopping centre, continuing on our legacy of providing the very best experience for our shoppers by bringing in the most in-demand retailers from around the world,” said Anthony Casalanguida, General Manager, Yorkdale Shopping Centre. “The introduction of Nordstrom continues that momentum, and we are very excited to help bring this exceptional retail experience to our shoppers. 

“Nordstrom’s reputation as an industry-leading fashion retailer is well known and respected globally and we are elated to open Toronto’s largest Nordstrom location at Yorkdale Shopping Centre,” said Blake Hutcheson, President and Chief Executive Officer, Oxford Properties. “Renowned for its exceptional customer experience and wide selection, Nordstrom will complement Yorkdale’s already exceptional mix of world class brands – and take Yorkdale to an even higher level of success.”