Source: http://finance.yahoo.com/news/nordstrom-profit-falls-due-higher-232744599.html
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Monday, February 23, 2015
Nordstrom profit falls due to higher investments, discounts
Upscale department store operator Nordstrom Inc reported a lower-than-expected quarterly profit as it spent more on technology upgrades and store expansion, and increased discounts at its Rack brand stores in the holiday shopping season. The company, which bought Chicago-based Trunk Club in August to gain market share in men's' clothing and to boost its online business, also forecast 2015 profit ...
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