Nordstrom shares sink after retailer posts weak holiday sales

by -12 Views

Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.

Mark Makela | Getty Images

Shares of Nordstrom fell Thursday, after the department store chain said it was hurt by weak sales and a lot of markdowns during the holiday season.

The retailer said net sales dropped 3.5% for the nine-week holiday period that ended Dec. 31 compared with the year-ago period. Net sales decreased 1.7% for its namesake banner and 7.6% for its off-price banner, Nordstrom Rack.

related investing news

CNBC Investing Club

This is a breaking news story. Please check back for updates.

Sumber: www.cnbc.com

No More Posts Available.

No more pages to load.