Tiburon Research Group takes management at Nordstrom (JWN +0.2%) to task for giving one reason...

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

Tiburon Research Group takes management at Nordstrom (JWN +0.2%) to task for giving one reason for a drop in its gross margin rate during a Q3 earnings call (transcript) and then filing a report with the SEC which indicates a different factor altogether was behind the fall. The issue of whether it was the Fashion Rewards program (per CC) or accelerated sales at Rack stores (per SEC filing) behind the margin dip might be answered during Q4's call if analysts at Tiburon get to ask a question.