Hopefully there’s good news for Nordstrom’s.
Is luxury — the once high-flying market now reduced to a pauper — poised for a revival? Investors’ first hint could come from Nordstrom’s second-quarter earnings, due out before the bell on Thursday. Still, the high-end department store could be strained, as the company encountered “a more competitive promotional environment and responded with deeper markdowns compared with last year,” Stifel Nicolaus analyst Richard Jaffe wrote in a recent note. – from The Street
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.