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

|About: Nordstrom Inc. (JWN)|By:, SA News Editor

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.