Struggling Nordstrom is going all-in on New York City in a major turnaround attempt — but the market doesn't seem to care

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Shares of Nordstrom have fallen more than 23% this year, while the S&P 500 has gained more than 20%.

Nordstrom opened its new flagship New York City women's store on Thursday. Shares sank as much as 2.24% by mid-morning. Wall Street reactions to the store were positive but didn't translate into share gains — most analysts still have"neutral" ratings on the company's stock. Read more on Business Insider. Nordstrom's seven-story flagship New York City store opened Thursday to an icy reaction from the stock market. Shares sank as much as 2.

Nordstrom opened its new flagship New York City women's store on Thursday. Shares sank as much as 2.24% by mid-morning. Wall Street reactions to the store were positive but didn't translate into share gains — most analysts still have"neutral" ratings on the company's stock. Read more on Business Insider. Nordstrom's seven-story flagship New York City store opened Thursday to an icy reaction from the stock market. Shares sank as much as 2.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I like Nordstrom.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's what happened to the stock market on WednesdayThe major averages struggled for direction as the corporate earnings season rolled on. Of course! The bots buy when profits go down, the bots buy when they go up! When do they stop buying if at all? 🙄
Source: CNBC - 🏆 12. / 72 Read more »