• Nordstrom's Shares Slide on Poor Q1 Results

    3 monthes ago - By WWD

    Nordstrom Inc. shares fell sharply in after-hours trading Tuesday after the retailer saw a sharp decline in earnings and sales in the first quarter but said “executional misses are well within our control.”
    First-quarter net earnings were $37 million, compared with $87 million during the same period in fiscal 2018. Earnings before interest and taxes were $77 million, compared with $153 million in the year-ago period, with the decrease driven primarily by lower sales volume, which fell 3.5 percent. Women's apparel and beauty were the most challenged areas.
    The results were released after...
    Read more ...