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Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering.
Jeff Greenberg | Universal Images Group | Getty Images
Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street’s expectations.
The company said it expects sales to decline in the new fiscal year, reflecting in part its decision to wind down its Canadian operations.
“We entered Canada in 2014 with a plan to build and sustain a long-term business there. Despite our best efforts, we do not see a realistic path to profitability for the Canadian business,” CEO Erik Nordstrom said in a release Thursday.
Here’s what the department store…
Source cnbc.com
