Nordstrom misses third-quarter revenue guidance

Nordstrom’s third-quarter sales fell short of analysts’ expectations. Rampant inflation is weighing on the US retailer’s revenues.


While Nordstrom’s results exceeded expectations, the group failed to meet Wall Street’s targets for third-quarter sales, published on Tuesday November 21.


The rampant inflationary climate weighed on consumer spending in the months leading up to the major holiday trading period. High interest rates, rising food prices and the onset of student debt repayments have also put a damper on the Group’s ambitions.


In the third quarter, however, the Seattle-based American retail chain posted a net profit of $67 million, or earnings per diluted share (EPS) of $0.41, compared with a net loss of $20 million a year earlier.

To continue reading this article, subscribe or log in to your account

Discover our plans

Subscribe for 1€

Become an active member of the community of luxury leaders.


Featured Photo: © Nordstrom

Picture of Victor Gosselin
Victor Gosselin
Victor Gosselin is a journalist specializing in luxury, HR, tech, retail, and editorial consulting. A graduate of EIML Paris, he has been working in the luxury industry for 9 years. Fond of fashion, Asia, history, and long format, this ex-Welcome To The Jungle and Time To Disrupt likes to analyze the news from a sociological and cultural angle.

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Launch offer:

Your participation in the Camille Fournet Masterclass reserved for annual subscriber !

Luxus Plus Newsletter