Nordstrom quarterly sales plunge 53%
Aug 25 (Reuters) - Nordstrom Inc JWN.N reported a 53% 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 $1.78 billion for the second quarter ended Aug. 1, compared with $3.78 billion, a year earlier.
Nordstrom reported a net loss of $255 million, or $1.62 per share, compared to a profit of $141 million, or 90 cents per share, a year earlier.
(Reporting by Nivedita Balu in Bengaluru and Melissa Fares in New York; Editing by Vinay Dwivedi)
((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6749 4822/ Twitter: @niveditabalu;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
