Analysis: Nordstrom's soft store traffic too much to overcome

Nordstrom (JWN -1.6%) drifts lower after Q4 revenue comes in a touch light.

Department store sales fell 3.3% during the period which was too tough of a hit for the company's decent sales at Rack stores and thriving online business to offset.

Analysts are rubbing salt in Nordstrom's wounds: Stifel lowered its rating to Hold from Buy, while Sterne Agee and Macquarie dropped their price targets. Worries on soft traffic patterns is the common theme.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs