Nordstrom Cuts Guidance on Estimate Miss; Stocks Plunge

Nordstrom, Inc. reported Q1 earnings for the period ended April 30, 2016 and the news wasn’t good. While sales increased 2.5% to $3.2 billion, comp sales decreased 1.7%, compared with the same period last year. In addition, Nordstrom now says same store-sales could fall this year, according to Barrons, projecting full-year ...

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