With this great business opportunity, high-end U.S. retailer, Nordstrom, is expanding their business into Canada. Nordstrom is an upscale department store chain that originated in the United States, a big profitable company that holds a very competitive position in the stock market. After a long time of research and consideration, the company finally decided to move into the Canadian market.

Nordstrom will be 6 different locations across Canada. The image shown is the Nordstrom soon to be located in Calgary’s Chinook Centre that will cover over140,000 square feet of land.

There may be a slight downside having this company move to Canada. Other businesses that are currently in Canada will face more competition in attracting customers. It will add an extra competitor on the ladder and everyone will fight to reach and maintain at the top position.

Overall, I think  Nordstrom developing in Canada could be at a huge advantage in many aspects. Expanding the company will give Nordstrom the chance to strengthen their business and increase profits. Also, the new opening could potentially result in 1000 new jobs, creating more tax for the government to collect. Eventually, this will begin to strengthen Canada’s economy.

Read more here.