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

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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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