Nordstrom Faces the Street as Full-Price Sales Miss

Nordstrom's holiday sales update showed a preference for discounted items, with full-price sales lagging. Digital sales rose significantly, but this did not prevent stock downgrades from analysts, including Goldman Sachs, who expressed concerns about Nordstrom's core business. The department store sector faces broader challenges, as seen with Macy's recent performance.

What was the main reason for Nordstrom's disappointing holiday sales performance?

• High demand for full-price items

• Consumer preference for discounted items

• Increased competition from online retailers

• Supply chain disruptions

How much did Nordstrom's digital sales grow during the holiday period?

• 10%

• 5%

• 25%

• 18%

What was the impact of analyst actions on Nordstrom's stock?

• Stock price increased

• Stock price was unaffected

• Stock price remained stable

• Stock price decreased

What was Goldman's revised price target for Nordstrom?

• $44

• $50

• $60

• $73

Which department store was mentioned as having a similar performance issue as Nordstrom?

• Kohl's

• Sears

• JCPenney

• Macy's