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Nordstrom closing for two weeks because of coronavirus

Public spaces empty amid coronavirus fear
Public spaces empty amid coronavirus fear 03:00

Nordstrom will close all its stores for two weeks starting Tuesday as it tries to limit the spread of coronavirus.

The upscale chain, which operates 380 stores including 116 department stores, is the latest retailer to announce temporary closures. It joins Nike, Everlane, Apple and Abercrombie & Fitch, among others, in closing its doors. Like many of the other chains, Nordstrom said it will provide pay for its employees during the period.

How to cushion coronavirus' economic impact 02:36

The company said Monday that it is also withdrawing its annual financial guidance, noting a slowdown in consumer demand, particularly in markets affected by the coronavirus. It also said that it will be making further cuts to its expenses and capital-expenditure plans.

"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.

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