Nordstrom Slashes its Full-Year Forecast Amid Declining Demand
Nordstrom (NYSE: JWN) cut its financial forecast for the full year, despite reporting positive second-quarter earnings. The slash comes as the company experiences an overflow of inventory and declining demand. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”JWN” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”JWN” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The luxury department store chain …
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