Nordstrom (JWN) reports Q1 2020 net loss

Nordstrom (JWN) reports Q1 2020 net loss

Nordstrom’s net sales fell 40% during its fiscal first quarter, the company said Thursday, but the department store chain is confident it remains in a strong financial position to work through the coronavirus pandemic, unlike some of its struggling peers.  Department store operators Neiman Marcus, J.C. Penney and Stage Stores have all filed for bankruptcy protection […]
Nordstrom warns financial situation could grow distressed

Nordstrom warns financial situation could grow distressed

A “Temporarily Closed” sign hangs in the window of Nordstrom Inc. store in the Midtown neighborhood of New York, U.S., on Friday, March 20, 2020. Gabby Jones | Bloomberg | Getty Images Nordstrom said its financial situation could become distressed if its...
Nordstrom suspends dividend, taps credit in midst of coronavirus

Nordstrom suspends dividend, taps credit in midst of coronavirus

Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020. Gabby Jones | Bloomberg via Getty Images Nordstrom said Monday it is suspending its dividend, halting share buybacks and has drawn down $800 million...
Nordstrom is closing all US stores due to coronavirus

Nordstrom is closing all US stores due to coronavirus

The outside of Nordstrom’s men’s store in New York, which opened in April 2018. Source: Nordstrom Nordstrom is closing its more than 360 stores temporarily to try to curb the spread of COVID-19.  The department store retailer has also withdrawn its 2020...