Nordstrom’s sales missed forecasts as the retailer absorbed steep losses from Hurricanes Irma, Harvey & Maria.
In addition to operational impacts from the storms, Kohl’s donated extensively to hurricane relief efforts.
The retailer said it was “compelled” to raise its donation after seeing the storm’s impact increase day by day.
The department store chain is rolling out a new store format and making adjustments to its old one.
Investors have been selling off the stock throughout the morning trading hours.
The retailer’s profit and comparable sales were better than expected.
Spooked investors — who have grown weary of D-store challenges — may have expected a stronger beat and raised a guidance from both firms.
Is Under Armour finding its stride in mid-tier department stores?
The company’s stock price jumped this morning after its results weren’t as bad as Wall Street had expected.
Is the brand headed in a different direction?