Coronavirus concerns close Nordstrom HQ in Seattle
Retailer warns its first-quarter results would be 'significantly' hurt
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Nordstrom has temporarily shut down its corporate headquarters in Seattle due to the spread of the coronavirus in the area, the retailer said in a filing on Wednesday.
The department store chain operator also warned that its results for the first quarter and beyond would be "significantly" hurt by the fallout from the pandemic.
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The retailer, like many others, has closed stores, furloughed most of its employees and suspended dividends.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| JWN | NORDSTROM INC. | 23.06 | +0.35 | +1.54% |
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Nordstrom is also looking to raise $500 million in the bond market to bolster liquidity, securing the new bond against a newly established property company with $1 billion-$1.1 billion of real estate assets, IFR, Refinitiv's capital markets publication reported earlier in the day.
The company has also drawn down $800 million from its existing credit line.