Financial News

Do Nordstrom’s Troubles Mean the Rack for TJX, Ross?

What do disappointing sales at Nordstrom Rack mean for discount merchants like TJX (TJX) and Ross Stores (ROST)? Not what you might think. According Oliver Chen at Cowen, comparable store sales at the Rack, the off-price chain operated by department store giant Nordstrom (JWN), fell 3% during the holiday quarter, on the heels of a 2.2% […]
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