Why Nordstrom (JWN) Is Sinking Despite Posting 2Q Profit, Higher Sales
b"Stephanie Wissink explains Nordstrom stock significant move to the downside following its second quarter report. Despite lifting its full-year guidance, the department store warned that its cost pressures are expected to continue. Wissink notes that Nordstrom's anniversary sale occurring at the end of the quarter can lead to weakness, in addition to the unique cohort the company targets relative to its peers."