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Retail

Nordstrom takes extra steps to fortify balance sheet as retail shutdown continues

March 24, 2020

Nordstrom's ecommerce operations account for one-third of the company's revenue. Image credit: Nordstrom Nordstrom's ecommerce operations account for one-third of the company's revenue. Image credit: Nordstrom

 

Nordstrom Inc. has taken additional precautionary measures to strengthen its financial position as the U.S. department store chain confronts the uncertainty in the world’s largest luxury market over the COVID-19 coronavirus pandemic.

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