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It's rare that a retailer openly tells investors that its doesn't see any upside for profit...

It's rare that a retailer openly tells investors that its doesn't see any upside for profit margins over the next several years, but that was the message from management at Nordstrom (JWN +1.8%) last week during the firm's earnings call (transcript). Though the bout of honesty is appreciated, Retail Geeks notes the appraisal leaves Nordstrom almost no margin for error to keep up with analyst estimates.
Comments (1)
  • " It's a rare that a retailer openly tells investors that its doesn't see any upside for profit margins over the next several years..."

     

    I smell a rat.

     

    No "retailer" tells such tales.

     

    I suspect the memo about Albert, Sally, Solindra...(the last hurricane...) never got to the right desktop. In retail, have you never heard of Lady Di's funeral? You can never get too...

     

    ...now, come on, "over the next several years?"

     

    Other than Nobel laureate Albert Gore Jr., who can predict things that far out?
    27 Feb 2013, 01:07 PM Reply Like
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