Nordstrom to close stores in U.S., Canada, withdraws 2020 outlook due to coronavirus

The company said it would close stores, including Nordstrom full-line, Nordstrom Rack and Trunk Club clubhouses, effective March 17, in an effort to arrest the spread of the virus. It will provide pay and benefits to its store employees during the period, Nordstrom said. The Seattle-based retailer also suspended share repurchases as part of a plan to further cut its expenses. …read more

Source:: Yahoo Finance

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