Why Nordstrom Stock Fell on Tuesday
Shares of upscale department-store operator Nordstrom (NYSE: JWN) closed lower on Tuesday, likely on a growing consensus that the reopening of the U.S. economy will be a gradual, up-and-down process.
Nordstrom's shares ended the session at $16.16, down 5.6% from Monday's closing price.
Nordstrom last updated investors on May 6, when it said that it will permanently close 16 of its full-price department stores amid a larger restructuring plan that aims to save about $150 million per year.
Source Fool.com