Home / NEWS / Retail / Nordstrom shares tumble more than 20% as earnings fall short, hurt by higher labor costs, weak Nordstrom Rack sales

Nordstrom shares tumble more than 20% as earnings fall short, hurt by higher labor costs, weak Nordstrom Rack sales

Nordstrom earnings knock short of analysts’ expectations as labor costs ate into profits and sales struggled to return to pre-pandemic levels.

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