Why Nordstrom (JWN) Is Sinking Despite Posting 2Q Profit, Higher Sales
Schwab Network
English - August 25, 2021 17:35 - 5 minutes - 52.2 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Stephanie Wissink explains Nordstrom stock significant move to the downside following its second quarter report. Despite lifting its full-year guidance, the department store warned that its cost pressures are expected to continue. Wissink notes that Nordstrom's anniversary sale occurring at the end of the quarter can lead to weakness, in addition to the unique cohort the company targets relative to its peers.