Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.
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71 published items with the word (s) or phrase Rack in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
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![]( "Nordstrom warns of supply shortages as holiday season approaches, shares plunge")
Nordstrom warns of supply shortages as holiday season approaches, shares plunge -
![]( "Nordstrom to pay half rent for the rest of 2020")
Nordstrom to pay half rent for the rest of 2020The department store retailer has reportedly informed the landlords of its full-price namesake locations and its off-price Nordstrom Rack stores that it will only pay half of its occupancy costs for the rest of the year.
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![]( "Nordstrom to permanently close Jeffrey stores, founder Jeffrey Kalinsky to retire")
Nordstrom to permanently close Jeffrey stores, founder Jeffrey Kalinsky to retireNordstrom announced on Monday that it will permanently close its three Jeffrey specialty stores, as the retailer continues to feel the effects of Covid-19.
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![]( "Flurry of North American retailers announce store closures to combat spread of coronavirus")
Flurry of North American retailers announce store closures to combat spread of coronavirusAs Covid-19 continues to spread, Monday saw a number of North American retailers moving to protect consumers and employees by implementing store closures, including Nordstrom, Guess, Canada Goose, VF, PVH and Ulta.
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![]( "Nordstrom alum Paige Thomas named president of Saks Off Fifth")
Nordstrom alum Paige Thomas named president of Saks Off FifthHudson’s Bay Company announced on Monday that it has appointed Nordstrom and Kohl’s vet Paige Thomas as the new president of its off-price Saks Off 5th business.
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![]( "Nordstrom bets big on New York ahead of Black Friday")
Nordstrom bets big on New York ahead of Black FridayNordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
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![]( "Nordstrom adds Oliver Spencer to menswear lineup")
Nordstrom adds Oliver Spencer to menswear lineupThe U.S. retailer announced that it will be adding British menswear brand Oliver Spencer to its assortment of menswear starting this month.
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![]( "Curve NY shines a spotlight on inclusivity")
Curve NY shines a spotlight on inclusivityFom August 4 through 6, more than 250 intimates and swimwear brands hit New York’s Javits Center, where Curve NY celebrated inclusivity and confidence, all while exploring the latest industry developments.
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![]( "Nordstrom beats profit estimates as it clears inventory faster and sells more online")
Nordstrom beats profit estimates as it clears inventory faster and sells more onlineUpscale U.S. retailer Nordstrom Inc reported a better-than-expected quarterly profit on Wednesday as it said it had cut costs and cleared more inventory, sending its shares up 10% in extended trading.
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![]( "Nordstrom reports plummeting first-quarter earnings, sets date for NY flagship opening")
Nordstrom reports plummeting first-quarter earnings, sets date for NY flagship openingThe department store retailer posted disappointing first-quarter results on Tuesday, as slipping sales were compounded by mounting costs, and also announced the opening date of its upcoming NYC flagship.