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Indebta > Investing > Nordstrom says shoppers are still cautious, but sees fewer discounts this year
Investing

Nordstrom says shoppers are still cautious, but sees fewer discounts this year

News Room
Last updated: 2024/03/06 at 4:17 AM
By News Room
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Shares of Nordstrom Inc. fell after hours on Tuesday after the department-store chain’s full-year sales forecasts spooked investors, as inflation-fatigued customers continue to have reservations about buying new clothes.

However, the company said it expected its retail-industry peers to back off the discounting that has defined clothes-shopping for the past two years.

That…

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News Room March 6, 2024 March 6, 2024
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US bank earnings live: BlackRock hits record $12.5tn in assets as results season gets under way

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