Nordstrom Permanently Closing 16 Full-Line Stores After COVID-19 Review

The weight of the coronavirus pandemic is forcing Nordstrom (NYSE: JWN) to permanently close 16 of its full-line stores.

The troubled department store chain's strength has been its off-price Nordstrom Rack chain, as well as online sales, and after a review of its business due to the COVID-19 outbreak, the retailer said it would close the full-price stores to "meet the accelerating changes in customer expectations."

Image source: Nordstrom.

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Source Fool.com