Dive Brief:
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Tokyo-based Fast Retailing may open Uniqlo stores in Canada within the next two years through a business agreement with Nordstrom, sources have told Retail Insider magazine.
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Nordstrom has purchased rights similar to Hudson’s Bay’s licensed arrangement with TopShop stores in Canada, sources told the magazine.
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Nordstrom will open its first Canadian store in Calgary later this year and another in Ottawa in 2015. Sources told the magazine that Uniqlo will open a store in downtown Vancouver by fall 2015.
Dive Insight:
Retail Insider magazine has made it clear that no sources would go on the record to confirm many details, so this news is officially just a rumor. Still, if true, it means that Fast Retailing is continuing apace in its march into North America and its planned expansion to become the world’s top retailer.