Nordstrom stock plunges more than 20% on earnings miss, rising costs

Nordstrom Inc. stock dropped more than 20% in extended trading Tuesday after the retailer reported mixed quarterly results and said it needs to “move faster” to grow market share amid rising expenses and labor costs.

Sales rose 18% to $3.6 billion, but fell 1% in relation to the same quarter in 2019, the company said. FactSet consensus called for per-share earnings of 57 cents on sales of $3.5 billion for the quarter. Moreover, Nordstrom is “taking action to improve performance at Nordstrom Rack, including optimizing inventory levels, better balancing price points and increasing brand awareness,” he said.

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MarketWatch /  🏆 3. in SE

80 (yes 80) people robbed a Northern Californian Nordstrom store 2 days ago, last night about 20 robbed an LA Nordstrom store. Sucks to be a brick & mortar store in Cali right now.

starl Metaverse

And after 80 (yes 80) ppl robbed a Californian Nordstrom store two days ago?

$Starl is going to lead the metaverse. It will carry a market of tens billions dollars value in years to come. Starl is a game, but also a way of living. People can live, communicate, create, play and work in the space station (eg. Digital real estate)

Sverige Senaste nytt, Sverige Rubriker