Apple closes all stores outside of China until March 27th. FOX Business’ Susan Li with more on store closures.
The coronavirus has claimed its largest retail prize.
Continue Reading Below
Nordstrom says it will temporarily close all of its stores for two weeks starting Tuesday as it tries to limit the spread of the new virus.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The upscale chain, which operates 380 stores including 116 department stores, is the latest retailer to announce temporary closures.
Nordstrom joins Nike, Everlane, Apple and Abercrombie & Fitch, among others, in closing its doors.
Nordstrom says it will continue to pay employees during the period.
CORONAVIRUS PROMPTS MCDONALD’S TO CLOSE STORE SEATING, PLAY AREAS
The company said it is also withdrawing its annual financial guidance, noting a slowdown in consumer demand due to the coronavirus.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| JWN | NORDSTROM | 17.19 | -4.40 | -20.38% |
It also said that it will be making further cuts to its expenses and capital-expenditure plans.
CLICK HERE TO READ MORE ON FOX BUSINESS
“The health and safety of our customers and employees remain our top priority as we continue to make decisions during this rapidly evolving situation,” Nordstrom CEO Erik Nordstrom said in a statement.
The Associated Press contributed to this article.
