Friday, May 13, 2016

Nordstrom joins retail bloodbath

Even luxury department stores got no love from shoppers in the first quarter. 
Following  a pattern set by Macy’s and Kohl’s,  Nordstrom reported dismal results for the first quarter,  including a steep drop in profit, with the only positive sign being the company’s off-price division. The retailer lowered its full-year outlook.. . . more

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