Nordstrom shares fall on disappointing forecast
Shares of Nordstrom Inc. fell after hours on Tuesday after the department-store chain’s full-year forecast disappointed investors.The company said it expected full-year same-store sales within a range of down 1% to up 2%, compared with FactSet forecasts for a 1.4% gain.Nordstrom shares JWN, +1.55%fell 9.2%. Management, during the company’s earnings call, said consumers were still cautious as they deal with inflation, higher interest rates and the return of student-loan payments.For i
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