Nordstrom’s 1Q sales fell 40% as pandemic shuttered stores

Nordstrom’s 1Q sales fell 40% as pandemic shuttered stores

Seattle Times

Published

NEW YORK (AP) — Upscale department store retailer Nordstrom reported Thursday that its sales plunged nearly 40% in its fiscal first quarter when the pandemic forced a temporary shutdown of its stores. The Seattle-based company, however, said it has improved its financial flexibility by reducing inventory by more than 25% and has reduced the rate […]

Full Article