- 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.
at CNBC.com (Nov 18, 2014)