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Nordstrom: Mediocre Holiday Sales Are Good Enough

Nordstrom: Mediocre Holiday Sales Are Good Enough

More importantly, Nordstrom survived the year and will be ready to capitalize on the opportunities that become available during the recovery period ahead. During the second quarter of fiscal 2020, Nordstrom's sales plunged more than 50% year over year, due to temporary store closures and the company's decision to delay its popular Anniversary Sale. Sales trends improved significantly in the third quarter, which ended on Oct. 31.