If this were your grandmother’s Nordstrom, it wouldn’t be faring quite so well amid a stew of grim earnings reports from fashion retailers Thursday.
On a day that saw some retailers’ share prices nosedive up to 18
percent, Nordstrom’s tumble — 7.6 percent even before its quarterly
results were announced, and another 4 percent after — was dismal but not
not thanks to its large, luxurious mall stores. It’s due to the Seattle
retailer’s early move into online, as well as its merchandising and
inventory control.. . . more