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Nordstrom slashes outlook as holiday sales drop

Por: MarketWatch Business January 19, 2023

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The stock fell more than 6% in the extended session Thursday, after ending the regular trading day down 0.7%. “The holiday season was highly promotional, and sales were softer than pre-pandemic levels,” Chief Executive Erik Nordstrom said. Nordstrom lowered its fiscal 2022 outlook on per-share earnings to between $1.33 a share and $1.53 a share, compared with a previous outlook of between $2.13 a share and $2.43 a share. The company called... + full article



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