May 5 (Reuters) - Apparel retailer Nordstrom Inc said on Tuesday it would close 16 stores and restructure its operations in an effort to cut costs and weather the impact of the COVID-19 pandemic.
The company is restructuring its regions, support roles and corporate organization, which will save $150 million in costs, it said in a statement.
The retailer will also incur non-cash impairment charges associated with the store closures. In March, Nordstorm had suspended its quarterly dividend and pulled its 2020 outlook. (Reporting by Bharath Manjesh in Bengaluru; Editing by Arun Koyyur)