Nordstrom to enter Canada slowly

Nordstrom (JWN -0.7%) could have an advantage over Target in its foray into Canada, note retail analysts.

Unlike the crowded Canadian discount sector, there are some opportunities in the luxury space for a chain like Nordstrom to make a mark.

Nordstrom will also reduce its risk with a slow pace of expansion pace into the region. Only six locations will be opened by 2016.

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