Nordstrom Closing Jeffrey Brand Stores Due to Pandemic

Nordstrom (NYSE: JWN) is a much-loved brand that was staying strong even through the retail apocalypse. But what digital didn't shut down, COVID-19 is crushing.

Nordstrom announced on Monday that it's closing its three stores that operate under the Jeffrey brand name, which offers cutting-edge luxury fashion, compared to Nordstrom's broader product mix.

The company said it's committed to trying to find employees work at other Nordstrom locations, in addition to providing severance pay and other benefits.