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.
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)