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7:56 AM Industry analysts see the move by Sears Holdings (SHLD) to reduce its stake in Sears Canada to 51% as clearing the path for a host of U.S. retailers to jump in to take advantage of the void as Sears Canada trims its operations. Both Nordstrom (JWN) and Saks (SKS) could jump into a Canadian market that boasts 50% higher sales per square foot at malls than in the U.S., while Target (TGT) might accelerate its own expansion plans.
Comment![Consumer, Global & FX]
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at CNBC.com (May 14, 2012)
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at CNBC.com (May 11, 2012)
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at CNBC.com (May 11, 2012)
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at CNBC.com (May 11, 2012)
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at CNBC.com (May 11, 2012)
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Business Wire (May 10, 2012)
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Company Description
DESCRIPTION OF BUSINESS
Nordstrom incorporated in the state of Washington in 1946 as the successor to a retail shoe business that started in 1901. We are one of the nation’s leading fashion specialty retailers, with 171 U.S. stores located in 28 states as of March 20, 2009. The west coast and... More