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Nordstrom earnings top expectations as retailer starts winding down Canada operations
Nordstrom has struggled with slower sales, more markdowns and pressure from activist investor Ryan Cohen.
The company said it expects sales to decline in the new fiscal year, reflecting in part its decision to wind down its Canadian operations.
“We entered Canada in 2014 with a plan to build and sustain a long-term business there. Despite our best efforts, we do not see a realistic path to profitability for the Canadian business,” CEO Erik Nordstrom said in a release Thursday.
几年前Target也折腾一阵玩不转。