Nordstrom Inc reported a 53per cent fall in quarterly sales on Tuesday, as its stores were temporarily shut for about half of the reported ...
Nordstrom Inc reported a 53per cent fall in quarterly sales on Tuesday, as its stores were temporarily shut for about half of the reported quarter due to the COVID-19 pandemic.
FILE PHOTO: The company logo for Nordstrom Inc, is displayed on a screen at the New York Stock Exchange in New York, U.S., October 22, 2019. REUTERS/Brendan McDermidREUTERS: Nordstrom Inc reported a 53per cent fall in quarterly sales on Tuesday, as its stores were temporarily shut for about half of the reported quarter due to the COVID-19 pandemic.
The Seattle-based company posted net sales of US$1.78 billion for the second quarter ended Aug. 1, compared with US$3.78 billion, a year earlier.Nordstrom reported a net loss of US$255 million, or US$1.62 per share, compared to a profit of US$141 million, or 90 cents per share, a year earlier.
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