Nordstrom Takes Steps to Improve Liquidity
Many retailers have been hit hard throughout the COVID-19 pandemic as stores remain shuttered and customers stick to their screens. While e-commerce is thriving, it's still a relatively small piece of the pie for most retailers, and they're expanding their cash holdings to stay afloat until this rough patch evens out.
Nordstrom (NYSE: JWN), one of the better-performing department store operators with a thriving digital program, has taken several precautionary actions to make sure it stays solvent while the novel coronavirus makes its way around the world.
Image courtesy of Nordstrom, Inc.
Source Fool.com
