BCBusiness

September 2015 The Small Business Issue

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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t h e c h a l l e n g e r Nordstrom N ordstrom is new to Vancouver but not to Vancouverites. "Here in Seattle we've been serving Vancouver customers for a long time," says Jamie Nordstrom, the company's president of full-line stores, Nordstrom. "We're really looking forward to serving customers in their hometown." The timing of the company's arrival in Canada (starting last year) is partly because it was able to snag several prime locations, especially in Vancouver. "It is a great location," says the 42-year-old great-grandson of company founder John W. Nordstrom. "We're humbled by having this location that is truly kind of the centre of the universe in Vancouver, and we think that we have a responsibility to make it a great store. And not just one of Vancouver's great stores—one of Canada's great stores." The company believes Nordstrom Pacific Centre could be the company's top-volume store in a couple of years. "It's going to be our full flagship experience," says Jamie Nordstrom. "Whether it's food and drink experi- ences or unique merchandise that you're not going to find anywhere else in the city in addition to great service, we want this to be a store that people say, 'Hey, if you're going to go to Vancouver, you've got to go check out Nordstrom.' We want to be that kind of store." While Nordstrom is famous for its singular focus on customers, there aren't a lot of rules regarding what How two iconic Canadian brands are gearing up (or not) for the arrival of customer service king Nordstrom in downtown Vancouver b y f e l i c i t y s t o n e With the opening of Seattle-based Nordstrom's third Canadian store (and first in Vancouver) on September 18, there will be three major department stores clustered around the intersection of Granville and Georgia—each com- peting for the same high-end shopper. In a market that's clearly heating up, luxury icon Holt Renfrew is expanding its footprint by 30 per cent and adding new merchandise and amenities, from a private apartment to a 3,500-square- foot café overlooking Howe Street. At Hudson's Bay, however—which has undergone a nationwide facelift and upgrade in recent years—the response appears somewhat more muted. 2015 BcB consumer report the retail showdown 56 BCBusiness september 2015

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