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Furloughs Hit Nordstrom Where Execs See Salaries Shrink

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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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