Nordstrom shares sink after retailer posts weak holiday sales
Publishing timestamp: 2023-01-19 16:36:59
Summary
Nordstrom reported weak sales and had to mark down merchandise more than expected during the holiday season, resulting in a 3.5% drop in net sales. CEO Erik Nordstrom said shoppers are being more selective with their spending due to the broader macro environment.
Sentiment: NEGATIVE
Tickers: JWN,
Keywords: breaking news: business, retail industry, business, nordstrom inc, business news,
Source: https://www.cnbc.com/2023/01/19/nordstrom-shares-sink-after-retailer-posts-weak-holiday-sales.html