Nordstrom Cuts Full-Year Forecast on Sales Slide; Shares Tumble

Pedestrians walk past a Nordstrom Inc. store in downtown Vancouver.
Photographer: Ben Nelms/Bloomberg

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By Kim Bhasin

May 21, 2019 at 8:23 PM UTC

This article is for subscribers only.

Nordstrom Inc. posted a first-quarter sales decline and cut its full-year forecast, adding to a dreary outlook for department stores after dismal results earlier in the day from J.C. Penney Co. and Kohl’s Corp.

For more on the results, click here.
For the company statement, click here.