Shares of Nordstrom Inc. dropped more than 3% Tuesday after the retailer swung to a surprise quarterly loss and joined other stores in reporting lower sales, saying it was "right-sizing" its inventory.

Topics:  nordstrom inc   retailer   loss   sales   
BING NEWS:
  • Nordstrom taps Rack as growth driver, tackles external theft in its transportation network
    Nordstrom Inc.’s Rack business featured prominently in the company’s first-quarter results Thursday as the ... a wider-than-expected first-quarter loss, although revenue topped analysts’ estimates.
    05/31/2024 - 4:57 am | View Link
  • Nordstrom (JWN) Q1 Loss Hurts Stock, Revenues Beat Estimates
    Nordstrom, Inc. JWN posted first-quarter fiscal 2024 results, wherein both revenues and earnings surpassed the Zacks Consensus Estimate. The company posted a loss of 24 cents per share against ...
    05/31/2024 - 4:32 am | View Link
  • Nordstrom Sales to Loyalty Members Drive Deeper Quarterly Loss
    Nordstrom Inc.’s loss in the most recent quarter was worse than expected in part because loyalty members accumulated more rewards than the department-store chain had anticipated.Nordstrom credit-card ...
    05/31/2024 - 2:36 am | View Link
  • Nordstrom: Balancing Sales Growth Against Marginal Headwinds – A Hold Rating
    Goldman Sachs analyst Brooke Roach has maintained their neutral stance on JWN stock, giving a Hold rating yesterday. Brooke Roach has given ...
    05/30/2024 - 6:34 pm | View Link
  • Nordstrom Narrows 1Q Loss, Sales Increase
    Nordstrom on Thursday reported an uptick in sales driven by its Nordstrom Rack stores, but the increase wasn't enough to offset its losses during the quarter. The department store chain posted a first ...
    05/30/2024 - 9:52 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News