Retailers Routed: Nordstrom’s 17% Decline Leads Selloff

Nordstrom’s (JWN) dramatic selloff is rounding out a week that has left investors deeply worried about what to expect from the holiday shopping season following a dismal third-quarter with sales hobbled by warmer autumn weather that led shoppers to leave coats, sweaters and other winter apparel on store shelves. But Stifel analyst Richard Jaffe argues that bigger […]