Coronavirus USA Updates: Nordstrom permanently closing 16 stores and three boutiques

0
94
Coronavirus USA Updates: Nordstrom permanently closing 16 stores and three boutiques
Coronavirus USA Updates: Nordstrom permanently closing 16 stores and three boutiques

Sales were down 40% at Nordstrom after temporarily closing its stores due to the coronavirus pandemic, the Seattle-based retailer announced Thursday. COVID-19 has led other department stores to file for bankruptcy including J.C. Penney and Neiman Marcus. Nordstrom officials had a different take.

READ  Trump 'tired of Theresa May's school mistress tone', Report

“We’re entering the second quarter in a position of strength, adding to our confidence that we have sufficient liquidity to successfully execute our strategy in 2020 and over the longer term,” Nordstrom CEO Erik Nordstrom said in a news release.

READ  Kid Rock for Senate? Superstar tapped as possible contender for US Senator in Michigan

Still, Nordstrom is not immune from permanent store closings. Officials previously announced they would permanently close 16 of the company’s 116 full-line stores because of the impact of COVID-19. In its presentation Thursday, it listed the locations, which include closing three Jeffrey specialty boutiques.

READ  South Africa rhino poaching drops significantly, Report

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.