Is a company that files for protection under CCAA considered to be bankrupt? The following is a list of frequently asked questions regarding the CCAA and Nordstrom Canadas CCAA proceedings. Genevive Jewelry.925 Sterling Silver Gold Plated Freshwater Pearl Open Cuff Bracelet - White. 1 Bass Pro Mills Drive # E4 Professionals from the Monitor will be onsite at the locations from time to time, working with Nordstrom Canada throughout the CCAA process. Free shipping and returns on Men's Fine Jewelry at Nordstrom.ca. 12. The greater flexibility under the CCAA will ensure a more efficient and orderly wind-down process for Nordstrom Canada that will treat valued stakeholders, including employees, customers and vendors fairly and in accordance with our core values. The Italian jeweler's playful designs are known for bright pops of color with uniquely cut stones. 11. Your personal information will continue to be retained by Nordstrom Canada throughout the CCAA proceeding and will then be addressed pursuant to a plan of compromise and arrangement to be presented to creditors under the CCAA. 1. Vaughan Mills 6. $960 $259 (73% . For this reason, CCAA relief is sometimes referred to as bankruptcy protection. Is a company that files for protection under CCAA considered to be bankrupt? Were alternative paths considered? For more information, please see our Customer FAQ or contact us. The greater flexibility under the CCAA will ensure a more efficient and orderly wind-down process for Nordstrom Canada that will treat valued stakeholders, including employees, customers and vendors fairly and in accordance with our core values. 17. Toronto, ON M6A 2T9, Nordstrom Rack One Bloor 731 Yonge Street 731 Yonge Street Mississauga, ON L5V 2Y1, Nordstrom Rideau Centre This wind-down will be facilitated in an orderly fashion through a proceeding under the Companies Creditors Arrangement Act, or CCAA. What is happening to my Nordstrom credit card? What other important information should I know? Please contact or visit your local store or contact Nordstrom Canada Customer Care at 877.794.5304 if you have questions about our services during the wind-down period. Toronto ON M5J 2J1 12. You will no longer be able to track your order on Nordstrom.ca. Its responsibilities are prescribed by the CCAA and by Court order, and include monitoring Nordstrom Canadas wind-down initiatives, assisting Nordstrom Canada with the preparation of cash flow statements and other financial reporting, engaging with stakeholders, and reporting to the Court from time to time on the progress of the CCAA proceedings. If you have placed a deposit for a custom order, kindly call the Nordstrom Canada store location in which you placed your order. Nordstrom.ca, Nordstrom Canadas e-commerce platform, ceased operation on March 2, 2023. What is a Monitor? 799 Robson Street Are These the Most Beautiful Pearls in the World? Nordstrom Canada determined that a CCAA proceeding is in the best interests of its stakeholders and provides a framework for an orderly wind-down process. Curbside pick-up and curbside returns will not be offered after March 2, 2023. If you have questions about your order or wish to track your order, please contact Nordstrom Canada Customer Care at 877.794.5304. Customers will be notified to pick up all other customer owned goods. 3401 Dufferin Street Etobicoke, ON M9C 1B8, Nordstrom * This means your shopping experience now looks different. 50 Rideau Street, # 500 Alvarez & Marsal Canada Inc. Does Nordstrom Canadas CCAA filing have anything to do with Nordstrom in the US? This product is not available for shipping to your location. 1. Are my gift cards still valid? Shipping services will not be available after March 2, 2023. As part of the CCAA proceedings, the Court grants an Initial Order establishing what is known as a Stay of Proceedings. The Stay of Proceedings prevents creditors from taking action against the company, and its directors and officers, for an initial period of 10 days (which can be further extended as the Court deems appropriate). Cardholders will receive separate communications from MBNA in this regard. All existing alterations orders made prior to March 2, 2023, will be completed and must be picked up by March 17, 2023. There is no change to Nordstrom USs operations or stores and Nordstrom US continues to operate on a business-as-usual basis. NES JEWELRY Chain Bracelets for Women | Nordstrom Rack Free shipping and returns on NES JEWELRY Chain Bracelets for Women at Nordstromrack.com. No new Personal Stylist or Beauty Stylist appointments can be made after March 2, 2023. TAI Jewelry. Ottawa, ON K1N 9J7, Nordstrom Rack Ottawa Train Yards 1180-33 Heritage Meadows Way SE Rideau Centre You can unsubscribe from Nordstrom US marketing emails at any time by clicking the unsubscribe link at the bottom of each marketing email. Nordy Club Canada members will cease to accrue new points effective as of 11:59pm EST March 2, 2023. Refined engagement rings and modern diamonds are the name of the Kwiat game. Search Clear Clear . Maison Kitsun. Additional information is also available on the Monitors website at: In Canada, bankruptcy refers to liquidation proceedings commenced under the Bankruptcy and Insolvency Act, which is different than the CCAA. 731 Yonge Street The CCAA is a federal law in Canada that provides insolvent companies with debts in excess of $5 million an orderly and a supervised means to restructure their businesses, including through an orderly liquidation and wind-down of operations. If you have placed a deposit for a custom order, kindly call the Nordstrom Canada store location in which you placed your order. The CCAA is a federal law in Canada that provides insolvent companies with debts in excess of $5 million an orderly and a supervised means to restructure their businesses, including through an orderly liquidation and wind-down of operations. Vancouver, BC V7Y 0A2, Nordstrom Rack Heartland Town Centre For more information, please see the For our customers residing in Canada section of the Privacy Policy posted on Nordstrom.ca. The CCAA is federal law in Canada that enables [insolvent] companies to wind down their business in an orderly fashion, under supervision of the Court. Mississauga, ON L5V 2Y1, Nordstrom Rideau Centre Please contact or visit your local store or contact Nordstrom Canada Customer Care at 877.794.5304 for more details about the returns of your order. Nordstrom Canadas Board of Directors remains in place and the Nordstrom Canada management team continues to control the day-to-day operations of the business, subject to the specific requirements of the Initial Order and the CCAA proceedings, under the supervision of the Monitor. * This means your shopping experience now looks different. Service Provider/Non-Concession Merchandise Vendor FAQs. However, information regarding the liquidation sale, and other important information, will be available on the website during the wind-down period. Caviar Lux 18k & Silver 3.48 Ct. Tw. Are my gift cards still valid? A diverse selection of unique jewelry options from necklaces, rings, bracelets, and more Up-to-date on current jewelry trends Frequently restocked Frequent sales, discounts, and site-wide promotions Many positive customer reviews from multiple online platforms Free U.S. on orders $50+ Free returns Cons Expensive International shipping : 1.844.768.8244 Willowbrook Shopping Centre Apply Now SearchClear Clear Search Text Sign In StoresPurchases 0 Clearance Gift Guide Women Men Kids Shoes While weve enjoyed serving you since 2014, and have built and have a fantastic team in Canada, were writing to share that weve made the tough decision to wind down our operations in Canada, close our 13 Nordstrom and Nordstrom Rack stores and sunset Nordstrom.ca. Returns and exchanges can only be made in person at your local store, in accordance with Nordstrom Canada and Nordstrom Rack Canada return policies, until March 17, 2023. Service Provider/Non-Concession Merchandise Vendor FAQs. Deerfoot Meadows De Beers is known worldwide for their exquisite natural diamondsand a go to for the engagement set. As a result, Nordstrom Canada has determined that it will wind down its operations and close its thirteen Nordstrom and Nordstrom Rack stores. The greater flexibility under the CCAA will ensure a more efficient and orderly wind-down process for Nordstrom Canada that will treat valued stakeholders, including employees, customers and vendors fairly and in accordance with our core values. No new orders or digital returns will be processed on Nordstrom.ca, but orders placed online may be returned or in accordance with Nordstrom Canada and Nordstrom Rack Canada return policies only until close of business on March 17, 2023. Are you a Vendor? Langley, BC V3A 7E9, Nordstrom 25 The West Mall No new Nordstrom Notes will be earned or issued from and after March 2, 2023. 3. 788 Boyer Boulevard What is happening to The Nordy Club Canada program? 799 Robson Street This allows the company to continue to manage the day-to-day operations of the business while it addresses its restructuring objectives in an orderly manner. While a company filing for CCAA is insolvent, meaning that it has insufficient liquidity to continue to fund its obligations as they become due and/or its liabilities are greater than the assets that are available to satisfy those liabilities, the company is not considered to be bankrupt. One Bloor Service Provider/Non-Concession Merchandise Vendor FAQs. Now that Nordstrom Canada has been granted protection under the CCAA, who is in charge? Vancouver, BC V7Y 0A2, Nordstrom Rack Can I still make returns? Access to your Nordy Club profile and account management information on Nordstrom.ca will cease at 11:59pm EST on March 2, 2023. No. Calgary, AB T2H 3B8, Nordstrom Rack South Edmonton Common Food services and restaurant locations, including Ebars, will wind down on or before March 15, 2023. Pacific Centre No new Nordstrom Notes will be earned or issued from and after March 2, 2023. 15. Free Shipping on Orders $89+. Thank you for being our customer. Mejuri Our favorite: Editor Hoops$78 Price: $$ Toronto-based jewelry brand Mejuri offers a variety of fine and semi-fine pieces without the typical markups found in. 595 Industrial Avenue How can I track my order? 18. Shop a great selection of Astrological, Zodiac, & Wellness Jewelry at Nordstrom Rack. The following is a list of frequently asked questions regarding the CCAA and Nordstrom Canadas CCAA proceedings. 19. Nordy Club Canada members earn points that can be redeemed for Nordstrom Notes that can be used toward purchases of qualifying items in stores or online at Nordstrom Canada and Nordstrom Rack Canada stores. 14. Free Delivery. 2. Orders placed online may be returned or exchanged in accordance with Nordstrom Canada and Nordstrom Rack Canada return policies to your local store only until close of business on March 17, 2023. After March 17, 2023, all sales are final and returns and exchanges will no longer be permitted, whether merchandise was bought prior to or after the start of the liquidation process. Skip navigation. Court materials, including reports prepared by the Monitor, and notices and information from Nordstrom Canada will be available at the Monitors website, http://www.alvarezandmarsal.com/NordstromCanada. However, if you also receive marketing emails from Nordstrom US, you will continue to receive those marketing emails. 11. For more information, please see the For our customers residing in Canada section of the Privacy Policy posted on Nordstrom.ca. For information on product recalls, see Health Canadas website. 25 The West Mall No new Personal Stylist or Beauty Stylist appointments can be made after March 2, 2023. Orders placed through Nordstrom.ca prior to March 2, 2023, will continue to be fulfilled by Nordstrom Canada. How long will Nordstrom Canada stores remain open? Nordy Club Canada members will cease to accrue new points effective as of 11:59pm EST March 2, 2023. If you have questions about your order or wish to track your order, please contact Nordstrom Canada Customer Care at 877.794.5304. Free shipping over $89, or shop online and pick up select orders at a Nordstrom Rack or Nordstrom store. Orders placed through Nordstrom.ca prior to March 2, 2023, will continue to be fulfilled by Nordstrom Canada. As part of the CCAA proceedings, the Court grants an Initial Order establishing what is known as a Stay of Proceedings. The Stay of Proceedings prevents creditors from taking action against the company, and its directors and officers, for an initial period of 10 days (which can be further extended as the Court deems appropriate). Calgary, AB T2H 3B8, Nordstrom Rack 1. After March 17, 2023, all sales are final and returns and exchanges will no longer be permitted, whether merchandise was bought prior to or after the start of the liquidation process. The relief granted during this initial 10-day period is limited to what is reasonably necessary for the continued operations of the debtor in this period. *Nordstrom Canada will wind down its business under the Companies Creditors Arrangement Act (CCAA). Why did Nordstrom Canada opt for a CCAA proceeding? Customers will be notified to pick up all other customer owned goods. Points earned as of 11:59pm EST March 2, 2023 that have not automatically converted to Nordstrom Notes will automatically expire. Calgary, AB T2H 3B8, Nordstrom Rack NordstromCanada@alvarezandmarsal.com A History of the Queen Mother's Koh-i-Noor Crown, A Brief History of the Queen's Cullinan Diamonds. Calgary, AB T2H 0K8, Nordstrom Rack 1180-33 Heritage Meadows Way SE However, information regarding the liquidation sale, and other important information, will be available on the website during the wind-down period.