The American clothing retailer announced a net loss of $255 million in the last quarter, compared with net gain of $141 million in the last year.
As stores were closed for several days in the pandemic period, the net sales plummeted 53%.
The plunge happened as the Nordstrom’s stores were shut down for numerous days in the most recent quarter. The damaged company tried to regain profit through discounts; however, its total apparel sales stayed low as many customers experienced lockdown.
The company’s e-commerce also suffered as a result of a shift in time for its Anniversary Sales. Nevertheless, it saw a rise of almost 20% in online sales within this period.