Nordstrom Is Closing 16 Stores in Response to COVID-19's Impact

Nordstrom, Inc. is the latest retailer to take a significant hit due to the crushing impact of COVID-19. The retailer announced on Tuesday its plans to close 16 full-line stores, representing nearly 14 percent of the brick-and-mortar fleet that carries the retailer's entire assortment.In a statement, company CEO Erik Nordstrom outlined the various actions that the retailer is taking to "increase flexibility and agility in serving customers and position the business for the long-term." Alongside ...