Retail

Nordstrom (JWN) Q2 2021 earnings

0


A shopper leaves a Nordstrom store on May 26, 2021 in Chicago, Illinois.

Scott Olson | Getty Images

Nordstrom shares fell Tuesday after the department store chain reported fiscal second-quarter sales remained below pre-pandemic levels.

Compared with a year earlier, sales more than doubled, as shoppers used Nordstrom’s anniversary sale as a reason to head back to the mall and splurge on new shoes, dresses and activewear. But on a two-year basis, revenue was down 6%.

Nordstrom was feeling more optimistic about the rest of the year and raised its outlook, following rivals Macy’s and Kohl’s, which did the same in recent days.

But its shares were down more than 6% in extended trading.

Here’s how…



Source cnbc.com

0 0 votes
Article Rating

Goldman Sachs to require all people entering its offices to be fully vaccinated against Covid-19

Previous article

Japan targets floating wind farms for its deep coastal waters

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail