Nordstrom posts 53 percent drop in Q2 sales

Nordstrom, Inc. reported loss per diluted share of 1.62 dollars, while the company’s net sales decreased 53 percent from last year, reflecting temporary store closures for approximately 50 percent of days during the quarter due to Covid-19, in addition to an approximately 10-percentage point timing impact from the Nordstrom anniversary sale shifting from the second quarter to the third quarter.