Nordstrom shuts stores, withdraws fiscal 2020 outlook

To do its part to limit the spread of the virus, Nordstrom Inc. will temporarily close its stores, including Nordstrom full-line, Nordstrom Rack, Trunk Club clubhouses and Jeffrey in the U.S. and Canada for two weeks, effective March 17. Nordstrom said in a statement that it continues to serve customers through its online business, which made up one-third of sales in 2019. Keeping the uncertainty of the situation and its impact on the business in sight, the company said, it is also retracting its full year guidance issued on March 3, 2020.