Nordstrom in the third quarter strayed from the narrative, underscored in recent days by weak performance from Kohl’s and Macy’s, that department stores are in trouble.
The company demonstrated inventory discipline that helped it avoid markdowns, which dogged both Kohl’s and Macy’s in their most recent quarters. And it was “one of the few Softlines retailers not cutting full year guidance on the 3Q call,” noted Credit Suisse analyst Michael Binetti in a client note emailed to Retail Dive.
