Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals
Retail TouchPoints
MAY 29, 2020
Net income was $838 million compared to $906 million in Q1 2019, dragged down by $283 million in wage increases and sanitation-related costs. The company entered 2020 with $850 million in cash reserves, and has plans to save $500 million in operating expenses, capital expenditures and working capital during fiscal 2020.
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