Wednesday, November 13, 2024

Nordstrom says shoppers are still cautious, but sees fewer discounts this year

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Shares of Nordstrom Inc. fell after hours on Tuesday after the department-store chain’s full-year sales forecasts spooked investors, as inflation-fatigued customers continue to have reservations about buying new clothes.

However, the company said it expected its retail-industry peers to back off the discounting that has defined clothes-shopping for the past two years.

That…

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