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Nordstrom Cuts 16 Stores, Saves $150M in Restructuring

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Nordstrom is closing full-line 16 stores and restructuring its business as the coronavirus pandemic buffets brick and mortar businesses. The department story company, which currently operates 378 locations across 40 states, said closures will be made “based on the needs of each market.” Nordstrom will absorb non-cash impairment charges tied to the closures, it added….

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