Why Nordstrom Stock Has Lost 62% So Far in 2020
Nordstrom (NYSE: JWN) shares are trailing the market by a wide margin this year. The stock sank 62% compared to a 4% decline in the S&P 500 through the end of June, according to data provided by S&P Global Market Intelligence.
The department store giant was generating modestly lower returns for investors in early 2020, but those losses mounted as the COVID-19 pandemic began disrupting the retailing industry.
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Source Fool.com