Shares of Nordstrom Inc and Gap Inc slumped more than 20% on Wednesday as warnings of product shortages during the crucial holiday season raised fears that the retailers were losing out to better-prepared competitors.
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92 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, Gap plunge with Street worried about rivals chipping away share")
Nordstrom, Gap plunge with Street worried about rivals chipping away share -
![]( "Nordstrom warns of supply shortages as holiday season approaches, shares plunge")
Nordstrom warns of supply shortages as holiday season approaches, shares plungeNordstrom 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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![]( "Nordstrom revenue stuck behind pre-pandemic levels, shares drop")
Nordstrom revenue stuck behind pre-pandemic levels, shares dropNordstrom Inc's quarterly revenue declined 6% from pre-pandemic levels, sending its shares down 7% aftermarket as investors pitted the lackluster result against strong growth at rivals Macy's and Kohl’s.
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![]( "Nordstrom sales beat on off-price clothing channel, online strength")
Nordstrom sales beat on off-price clothing channel, online strengthNordstrom Inc on Tuesday reported better-than-expected revenue for the holiday quarter, aided by a rise in e-commerce sales and growth in its off-price business, Rack.
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![]( "Nordstrom shares 2021 outlook, eyes off-price strategy")
Nordstrom shares 2021 outlook, eyes off-price strategyNordstrom announced on Thursday its 2021 outlook, along with plans to head in a new direction as it broadens the reach of its off-price Nordstrom Rack brand.
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![]( "Nordstrom holiday sales drop 22%, despite online surge")
Nordstrom holiday sales drop 22%, despite online surgeDepartment-store chain Nordstrom said on Wednesday net sales for the nine-week holiday period ended Jan. 2 dipped 22%, as the retailer saw less traffic due to the ongoing Covid-19 pandemic in the United States.
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![]( "Nordstrom bans fur and exotic animal skins")
Nordstrom bans fur and exotic animal skinsNordstrom has announced a new company-wide policy to stop selling products made using animal fur or exotic animal skin, by the end of 2021.
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![]( "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 NYC stores to reopen on Wednesday")
Nordstrom NYC stores to reopen on WednesdayNordstrom will reopen its six locations in New York City on Wednesday, June 24, including its new women’s flagship, men’s store, two Nordstrom Rack stores and two Nordstrom local shops, all located in Manhattan.
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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.