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