RSS   Newsletter   Contact   Advertise with us

Nordstrom Q1 net sales decreased 40 percent

Christian Fernsby ▼ | May 29, 2020
Nordstrom reported first quarter results.
Nordstrom
Nordstrom   The company temporarily closed stores
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.

Topics: Nordstrom

The company temporarily closed stores on March 17 due to coronavirus, which had a material impact on financial results as stores made up two-thirds of its business in 2019.

For the first quarter ended May 2, 2020, net sales decreased 40 percent from last year.

Loss per diluted share of $3.33 included charges of $1.10 associated with the impact of coronavirus.


 

MORE INSIDE POST