Connect with us

Business

Nordstrom shares drop as retailer says holiday sales tumbled 22% – CNBC

Nordstrom reported a sales decline of 22% for the nine-week period ended Jan. 2, as the retailer struggled to get shoppers into stores around the holidays.

Published

on

post featured image
ADVERTISEMENT

Nordstrom on Wednesday reported a sales decline of 22% for the nine-week period ended Jan. 2, as the department store chain struggled to get shoppers to come into its stores for apparel, footwear and holiday gifts.
Its shares fell more than 2% in after-hours trading.
Nordstrom said its digital sales during the holiday period grew 23% from 2019 levels, and represented 54% of total sales, compared with 34% a year ago. And more than 30% of customers’ online orders were fulfilled by its stores, the…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Google threatens to remove its search engine from Australia if new law goes into effect – The Verge
post featured image
Amazon will open pop-up Covid vaccine clinic in Seattle – CNBC
post featured image
Elon Musk announces $100 million prize for new carbon capture tech – Engadget