Nordstrom, Inc.

Shares of Nordstrom Inc and Gap Inc slumped more than 20% on Wednesday as warnings of product shortages during the crucial holiday season raised fears that the retailers were losing out to better-prepared competitors.

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U.S. stock index futures fell on Wednesday ahead of a slew of economic data releases, with investors nervous about inflation and prospects for faster interest rate hikes heading into the Thanksgiving holiday.

A Nordstrom department store in a Los Angeles mall on Monday night became the latest target in a string of "smash-and-grab" robberies that have hit luxury retailers in California and Illinois as the holiday shopping season approaches.

Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.

A Nordstrom department store in a Los Angeles mall on Monday night became the latest target in a string of "smash-and-grab" robberies that have hit luxury retailers in California and Illinois as the holiday shopping season approaches.

Nordstrom Inc beat estimates for quarterly sales on Tuesday, as people rushed to its stores to buy apparel and footwear, even as supply-chain disruptions threaten to create shortages at its off-price outlets during the holiday season.

Police in California on Sunday were seeking about 80 suspects who they said swarmed into a Bay Area Nordstrom department store in a coordinated robbery, ransacking as much as they could carry and fleeing in cars they had parked outside.

Nordstrom Inc's quarterly revenue declined 6% from pre-pandemic levels, sending the department store chain's shares down 7% aftermarket as investors pitted the lackluster result against strong growth at rivals Macy's and Kohl's.

Nordstrom Inc exceeded quarterly sales estimates on Tuesday, as Americans bought more apparel and footwear at its stores after coronavirus-driven restrictions eased.

British online fashion retailer ASOS will sell Topshop apparel at Nordstrom stores in a joint venture with the department store chain, it said on Monday, in an effort to reach more U.S. and Canadian customers.

Nordstrom Inc posted a bigger-than-expected quarterly loss on Tuesday, hurt by price markdowns the department store chain had to initiate due to excess holiday inventory and increasing competition in the retail sector.

Nordstrom Inc posted a bigger-than-expected quarterly loss on Tuesday, hurt by price markdowns the department store chain had to initiate due to excess holiday inventory and increasing competition in the retail sector.

Nordstrom Inc warned on Tuesday that it would have to go through its off-price channel to clear some of its holiday merchandise inventory in the first quarter that piled up due to shipping delays.

Upscale department store chain Nordstrom Inc on Tuesday reported a 20% decline in net sales for the holiday quarter, as a surge in the number of COVID-19 cases and fresh restrictions in some cities put a damper on holiday retail shopping.

Nordstrom Inc said on Wednesday its net sales for the nine-week holiday period ended Jan. 2 fell about 22%, as the department-store operator struggled to bring in customers due to a resurgence of COVID-19 cases in the United States.

Nordstrom Inc said on Tuesday a 37% surge in online sales helped the upscale department store top analysts' earnings expectations and boost confidence about its holiday performance despite a more competitive, promotional playing field.

Nordstrom Inc posted a 16% decline in quarterly net sales on Tuesday as sharply lower traffic at U.S. fashion retailers during the COVID-19 pandemic hammered demand for footwear and apparel.