March 17, 2020 / 12:55 AM / 24 days ago

BRIEF-Nordstrom Provides Business Update Related To Coronavirus

March 16 (Reuters) - Nordstrom Inc:

* NORDSTROM PROVIDES BUSINESS UPDATE RELATED TO CORONAVIRUS

* NORDSTROM- TEMPORARILY CLOSES STORES, INCLUDING NORDSTROM FULL-LINE, NORDSTROM RACK, TRUNK CLUB CLUBHOUSES AND JEFFREY IN U.S., CANADA FOR TWO WEEKS

* NORDSTROM - DUE TO HEIGHTENED UNCERTAINTY RELATING TO IMPACTS OF COVID-19 ON COMPANY’S BUSINESS OPERATIONS, COMPANY IS WITHDRAWING ITS 2020 GUIDANCE

* WILL TEMPORARILY CLOSE ITS STORES IN U.S. AND CANADA FOR TWO WEEKS, EFFECTIVE MARCH 17

* NORDSTROM - CO EXPERIENCED BROAD-BASED DECELERATION IN CUSTOMER DEMAND OVER PAST COUPLE OF WEEKS

* PROVIDE PAY AND BENEFITS FOR ITS STORE EMPLOYEES DURING ITS STORES CLOSURES

* NORDSTROM - CO MAKING FURTHER REDUCTIONS TO EXPENSE AND CAPITAL EXPENDITURE PLANS AND CURRENTLY SUSPENDING SHARE REPURCHASES

* FISCAL 2020 GUIDANCE ISSUES ON MARCH 3, 2020 DID NOT INCLUDE IMPACT OF COVID-19

* NORDSTROM - CO MAKING FURTHER REDUCTIONS TO ITS EXPENSE, CAPITAL EXPENDITURE PLANS; CURRENTLY SUSPENDING SHARE REPURCHASES Source text for Eikon: Further company coverage:

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