SEATTLE (AP) — Nordstrom’s net sales fell 20% in its November-through-January fourth quarter as the winter wave of the coronavirus pandemic roiled the nation’s economy. But the Seattle-based company says the overall drop was cushioned by the retailer’s digital sales. Those sales increased 24% year-over-year to account for more than half of the total. Nordstrom says its quarterly net revenues were $3.64 billion. That’s down $893 million from the same period in fiscal 2019. Profit for the usually robust holiday quarter was a slender $33 million, or 21 cents per share, compared with $193 million, or $1.21 per share, a year earlier.
Nordstrom reports drop in net sales, but digital sales up
