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May 29, 2020

Nordstrom reports $521M loss in Q1

SEATTLE (AP) — Nordstrom Inc. (JWN) on Thursday reported a fiscal first-quarter loss of $521 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Seattle-based company said it had a loss of $3.33. Losses, adjusted for non-recurring costs, were $2.23 per share.

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