Nordstrom Q1 net sales decreased 40 percentChristian Fernsby ▼ | May 29, 2020
Nordstrom reported first quarter results.
Nordstrom The company temporarily closed stores
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. ■