Business

Nordstrom‘s net sales fell 40% during its fiscal first quarter, the company said Thursday, but the department store chain is confident it remains in a strong financial position to work through the coronavirus pandemic, unlike some of its struggling peers.  Department store operators Neiman Marcus, J.C. Penney and Stage Stores have all filed for bankruptcy protection
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A woman stands near an Abercrombie and Fitch store in San Francisco. Getty Images While apparel retailer Abercrombie & Fitch reported a sales decline of more than 30% during its latest quarter, hit hard by the coronavirus pandemic, its results also hinted at a rapid rebound among younger consumers as it reopens stores across the U.S. 
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A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters American Airlines has started alerting travelers about crowded planes before their trips and allowing them to switch to other flights in
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