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Nordstrom to expand into Canada

(AP) NEW YORK - Nordstrom Inc. (JWN) says it is expanding into Canada, its first move outside the U.S.

The upscale department store chain said Thursday it will be teaming up with Canadian mall operator Cadillac Fairview to open four stores, in Calgary, Ottawa, Toronto and Vancouver. Cadillac Fairview operates shopping centers across Canada. The first Nordstrom store will open in the fall of 2014.

Nordstrom, based in Seattle, joins other U.S. merchants that are flocking to Canada.

The announcement was made at a press conference in Toronto.

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