Nordstrom shuts stores, pulls 2020 outlook due to coronavirus Follow the latest news on coronavirus with our live blog:
) said on Monday it would temporarily shut its stores in the United States and Canada and pull its fiscal 2020 forecast, as the upscale retailer joins its peers in an effort to limit the spread of the coronavirus.
The department store operator said it would close its stores for two weeks starting March 17, while keeping its apps and websites open, including Nordstrom.com, Nordstromrack.com, HauteLook.com. The company said it would provide pay and benefits for store employees during the period. The company also suspended its share buyback program as part of a plan to further cut its expenses and withdrew its 2020 outlook.
Nordstrom, like other brick-and-mortar retailers, has struggled to deal with disruptions caused by a rise in cases of the respiratory illness in the United States, particularly in its key markets, such as Seattle, New York City and Los Angeles.
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