2 Reasons Nordstrom Could Be Poised for Better Performance

While Nordstrom (NYSE: JWN) has fared better than most of its retail peers in the past few years, it hasn't been immune to the ongoing declines in mall traffic. Last year, its comparable-store sales fell 0.4% despite a double-digit increase in online sales.

This weakness in brick-and-mortar sales has put pressure on Nordstrom's profitability. The stock price has plunged, such that the Nordstrom family now wants to take the company private to stay out of the public eye while working on a turnaround.

Nordstrom has been hurt by weak retail traffic trends. Image source: Nordstrom.

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Source: Fool.com