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Nordstrom’s Q4 Revenues Slump 20 Percent

Nordstrom’s Q4 Revenues Slump 20 Percent

Nordstrom Inc. reported a sharp decline in fourth-quarter earnings but results topped Wall Street's target. Net sales decreased 20 percent, which improved sequentially by 600 basis points relative to the third quarter, after adjusting for a shift of the Nordstrom Anniversary Sale. (Read More)

Ross Stores Q4 Comps Drop 6 Percent

Ross Stores Q4 Comps Drop 6 Percent

Ross Stores Inc. reported earnings fell 47.8 percent in the fourth quarter as same-store sales declined 6 percent. The off-pricer said an upsurge of the virus resulted in lower traffic, especially in California, its largest state. (Read More)

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