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Why Nordstrom Stock Was Sliding Today

TheMotleyFool

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Shares of Nordstrom (NYSE: JWN) were falling today after reports emerged that rival Neiman Marcus was preparing to file for bankruptcy. Privately held Neiman Marcus is a high-end department store chain like Nordstrom, so investors seemed to think the news spelled trouble for the Seattle-based operator.

As of 3:08 p.m. EDT on Monday, Nordstrom stock was down 7.2%.

Image source: Nordstrom.

Source Fool.com

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