Is Nordstrom Going Out of Business?
Many clothing retailers have experienced financial hardship in the past few years, such as JCPenney and Neiman Marcus, which both filed for bankruptcy protection in May 2020. Nordstrom, however, is still in business and has not declared bankruptcy, although it has permanently closed several stores and restructured its business plan to regain some of what it lost in the first quarter of 2020.
As with many businesses, how the company will fare going forward remains unclear. The pandemic continues to make gathering in indoor spaces, especially poorly ventilated ones, a risky choice.