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Nordstrom Loses Half a Billion in Q1 But Says Early Store Traffic Is Looking Good

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.

Nordstrom Inc. said its $5 billion e-commerce business grew steadily while stores closed down amid the coronavirus pandemic, though locations that are starting to reopen show encouraging progress. In a Nutshell: “We successfully strengthened our financial flexibility by increasing liquidity, lowering inventory by more than 25 percent from last year and significantly reducing our cash…

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