Nordstrom set to announce expansion into Canada
New York — Nordstrom will announce on Thursday that it will open its first four stores in Canada by 2015, according to the Globe and Mail. Executives of Nordstrom and Cadillac Fairview, the landlord of the four malls where the stores will be located, set to unveil the sites at a news conference in Toronto, the report said.
The stores will be located in Pacific Centre in Vancouver, Chinook Centre in Calgary, Ottawa’s Rideau Centre and Sherway Gardens in Toronto, according to previous reports.
Report: Abercrombie hires Goldman Sachs
New York — Abercrombie & Fitch Co. has hired Goldman Sachs Group Inc. in the wake of investor pressure, according to Reuters.
The report was based on a source familiar with the matter who did elaborate on the nature of the pressure was or name the investors. But CNBC tweeted that Goldman was hired to help keep activist Relational Investors at bay.
American Eagle sets special dividend
Pittsburgh — American Eagle Outfitters Inc. said Wednesday that its board declared a special cash dividend of $1.50 and a regular quarterly dividend of 11 cents.
The retailer said the total cash dividend of $1.61 will be paid on Oct. 10 to shareholders of record as of Sept. 26.
American Eagle said the dividends are part of its cash strategy to invest in the company, while still returning profits to its shareholders.