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NORDSTROM
Area sc Manager 2
Permanent · San Bernardino
NORDSTROM
Assistant Manager- Operations- King of Prussia
Permanent · King of Prussia
NORDSTROM
Inventory Control Specialist - 1st Shift (Sun-Thurs) - Newark, ca
Permanent · Newark
NORDSTROM
Assistant Manager - Operations - Keystone
Permanent · Indianapolis
NORDSTROM
Business Analyst 2 - Store Operations
Permanent · Seattle
NORDSTROM
Assistant Manager - Asset Protection - Washington Square
Permanent · Tigard
NORDSTROM
Business Process Improvement Manager
Permanent · Seattle
NORDSTROM
Asset Protection - Agent - Heartland Town Center Rack
Permanent · Mississauga
NORDSTROM
HR Business Partner, Supply Chain – San Bernardino Fulfillment Center – Hybrid
Permanent · San Bernardino
NORDSTROM
Senior Project Manager, Nmg Brand Programs - Data, Insight And Analytics
Permanent · Seattle
NORDSTROM
sr. Manager of Marketing -Gift Card- Remote
Permanent · Seattle
NORDSTROM
Overnight Asset Protection - Security Ambassador - Houston Galleria
Permanent · Houston
NORDSTROM
Asset Protection - Security Ambassador - Broadway Plaza in Walnut Creek
Permanent · Walnut Creek
NORDSTROM
District Manager - Asset Protection - Minnesota, Wisconsin
Permanent · Bloomington
NORDSTROM
Area Manager - Asset Protection - San Jose Area Racks
Permanent · San Jose
NORDSTROM
Senior Project Manager, Merchandising Transformation - Hybrid
Permanent · Seattle
NORDSTROM
Asset Protection - Agent - San Leandro Rack
Permanent · San Leandro
NORDSTROM
Assistant Manager - Women's / bp / Salon Shoes - Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Project Manager 2, Merchandising Transformation - Hybrid
Permanent · Seattle
NORDSTROM
Assistant General Manager- Ruscello- Oakbrook Center
Permanent · Oak Brook
NORDSTROM
District Manager - Asset Protection - Ohio, Indiana, Kentucky
Permanent · Cincinnati
NORDSTROM
Program Manager Senior, Merchandising Transformation - Hybrid
Permanent · Seattle
By
Reuters
Published
May 29, 2020
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Nordstrom sales plunge nearly 40% on pandemic-led store closures

By
Reuters
Published
May 29, 2020

Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the Covid-19 pandemic shut stores.


Seattle-based Nordstrom said online sales rose 5% to $1.1 billion in its first quarter ended May 2 - Nordstrom


Measures to contain the coronavirus outbreak have weighed heavily on retailers, with J.C. Penney, J.Crew, Neiman Marcus and Stage Stores all having recently filed for bankruptcy.

Seattle-based Nordstrom said online sales rose 5% to $1.1 billion in its first quarter ended May 2. The retailer has strived to reduce inventory, cut costs and sharpen its marketing strategy.

“We successfully strengthened our financial flexibility by increasing liquidity, lowering inventory by more than 25 percent from last year and significantly reducing our cash burn by more than 40 percent from March into April,” Chief Executive Erik Nordstrom said in a statement.

“We’re entering the second quarter in a position of strength.”

Nordstrom said roughly 40% of its stores have reopened, though they are in smaller markets. It plans to reopen its entire fleet of shops by the end of June, including in major markets California and New York.

Total net sales in the first quarter dropped to $2.03 billion from $3.35 billion a year earlier.

It reported a net loss of $521 million, or $3.33 per share, compared with a profit of $37 million, or 23 cents per share, a year earlier.

The company said store closures and restructuring led to a $173 million charge. Earlier this month, Nordstrom announced it would close 16 of its 116 full-line U.S. stores.

Earlier on Thursday, America’s top dollar store chains, Dollar General Corp and Dollar Tree Inc, beat profit estimates and said they would benefit from demand for affordable groceries and household essentials in coming months as rising unemployment threatens to spur a deep recession.

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