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Business News: 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 : Rashtra News A shopper leaves a Nordstrom store on May 26, 2021 in Chicago, Illinois.Scott Olson | Getty ImagesNordstrom on Tuesday reported earnings that fell short of analysts' expectations as labor costs ate into profits

Nordstrom Shares Rise as Rack Shows Signs of Improvement

Nordstrom Shares Rise as Rack Shows Signs of Improvement
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

The Great Layoff continues in 2023: Accenture, Walmart, Indeed announce job cuts

Accenture, which currently employs over seven lakh people, has said it will cut 19,000 workers, while job portal Indeed has announced a stuff reduction of 15 per cent in ‘nearly every team, function, level, and region’

Nordstrom to Wind Down Canadian Business, Expects Weak Annual Revenue

Nordstrom Inc said on Thursday it would discontinue its Canadian operations and forecast annual revenue below analysts' expectations, .

Nordstrom to wind down Canadian business, expects weak annual revenue

Nordstrom Inc said on Thursday it would discontinue its Canadian operations and forecast annual revenue below analysts expectations, signaling high inflation levels were dampening consumer spending

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