The department store retailer has reportedly informed the landlords of its full-price namesake locations and its off-price Nordstrom Rack stores that it will only pay half of its occupancy costs for the rest of the year.
As Covid-19 continues to spread, Monday saw a number of North American retailers moving to protect consumers and employees by implementing store closures, including Nordstrom, Guess, Canada Goose, VF, PVH and Ulta.
Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
Fom August 4 through 6, more than 250 intimates and swimwear brands hit New York’s Javits Center, where Curve NY celebrated inclusivity and confidence, all while exploring the latest industry developments.
The department store retailer posted disappointing first-quarter results on Tuesday, as slipping sales were compounded by mounting costs, and also announced the opening date of its upcoming NYC flagship.
The Seattle-based luxury department store chain announced mixed results for the fourth quarter of 2018 on Thursday, reporting higher than expected profits, while sales came in below Wall Street forecasts.