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Furloughs Hit Nordstrom Where Execs See Salaries Shrink

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

With stores sidelined for the foreseeable future, Nordstrom Inc. will furlough some of its corporate staff in early April, “the most difficult decision we have made,” the retailer’s CEO said Wednesday. As the COVID-19 pandemic has ravaged American brick-and-mortar retail throughout March, preliminary results show that online demand has failed to compensate for the business…

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