Nordstrom to shutter all its stores to limit coronavirus spread

The company is also withdrawing its annual financial guidance, noting a slowdown in consumer demand

The coronavirus has claimed its largest retail prize.

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

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The upscale chain, which operates 380 stores including 116 department stores, is the latest retailer to announce temporary closures.

Nordstrom joins Nike, Everlane, Apple and Abercrombie & Fitch, among others, in closing its doors.

Nordstrom says it will continue to pay employees during the period.

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The company said it is also withdrawing its annual financial guidance, noting a slowdown in consumer demand due to the coronavirus.

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It also said that it will be making further cuts to its expenses and capital-expenditure plans.

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“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.

The Associated Press contributed to this article.