Nordstrom (JWN) Q1 Revenues Plunge 40%
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Nordstrom Reports First Quarter 2020 Earnings
May 28, 2020 4:05 PM EDTSEATTLE, May 28, 2020 /PRNewswire/ --Â Nordstrom, Inc. (NYSE: JWN) today reported first quarter results, which reflected the Company's actions to strengthen its financial flexibility through inventory and overhead cost reductions and position the business for the long-term through an acceleration of its strategic initiatives.
Nordstrom continued its momentum from the second half of 2019 with positive sales growth in February and ongoing growth of its $5 billion e-commerce business. The Company temporarily closed stores on March 17 due to COVID-19, which had a material impact on financial results as stores made up two-thirds... More
