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