Here’s Why Nordstrom Stock (NYSE:JWN) Might be in Trouble
Nordstrom''s (NYSE:JWN) attempts to appease inflation-beset customers with clearance sales and product markdowns haven''t succeeded - and the data, unfortunately, tells a tragic tale for Nordstrom. As we''ll discover, even Nordstrom''s Rack division, which features deep discounts on a variety of premium items, won''t save the company from its financial woes. As a result, I am neutral on Nordstrom stock. Nordstrom is a retail chain that offers apparel, shoes, beauty items, various accessories, and home goods. Its stores have somewhat of a luxury feel to them, which isn''t necessarily helpful during a time when many Americans are struggling with high inflation.
Here’s Why Nordstrom Stock (NYSE:JWN) Might be in Trouble
Nordstrom''s (NYSE:JWN) attempts to appease inflation-beset customers with clearance sales and product markdowns haven''t succeeded - and the data, unfortunately, tells a tragic tale for Nordstrom. As we''ll discover, even Nordstrom''s Rack division, which features deep discounts on a variety of premium items, won''t save the company from its financial woes. As a result, I am neutral on Nordstrom stock. Nordstrom is a retail chain that offers apparel, shoes, beauty items, various accessories, and home goods. Its stores have somewhat of a luxury feel to them, which isn''t necessarily helpful during a time when many Americans are struggling with high inflation.