Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024
Publishing timestamp: 2024-03-05 18:11:38
Summary
Nordstrom beat sales expectations for the holiday quarter, but gave a muted outlook for the coming year due to one less week of sales. The company plans to open new Nordstrom Rack stores and focus on driving higher online and in-store sales. Despite the positive holiday quarter results, shares fell about 10% in extended trading. Nordstrom's stock closed at $20.90, with a market value of about $3.4 billion.
Sentiment: MIXED
Tickers: JWN,
Keywords: breaking news: earnings, business, earnings, business news, breaking news: business, retail industry, nordstrom inc,
Source: https://www.cnbc.com/2024/03/05/nordstrom-jwn-earnings-q4-2023.html