Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of Nordstrom Are Rising Today

TheMotleyFool

0 0

Why Shares of Nordstrom Are Rising TodayPhoto, wide shot, wide-angle lens, Online marketplace, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/27d484d8-d1b1-4519-9797-b5dcaa68d4e2.png

Shares of upscale retailer Nordstrom (NYSE: JWN) were up sharply on Wednesday, after the company gave a blunt update on the state of its business in a regulatory filing. As of 11:45 a.m. EDT, Nordstrom's shares were up about 12% from Tuesday's closing price.

In a Form 8-K filing on Wednesday morning, Nordstrom said that its results for the quarter that will end on May 2 will be "adversely impacted in a significant manner" by events related to the COVID-19 outbreak in the U.S. and Canada.

Nordstrom's physical stores will remain closed indefinitely, the company said. Image source: Nordstrom.

Source Fool.com

Like: 0

JWN

Share