Nordstrom Sales Plunge Nearly 40%

(Reuters) - Upscale department store chain Nordstrom Inc (JWN.N) on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic forced it to shut stores.

Retailers are reeling from the impact of the coronavirus crisis, with Nordstrom rivals J.C.

Nordstrom said digital sales rose 5% to $1.1 billion in the first quarter ended May 2.