• Ben Unglesbee
• 31 May, 2019

S&P Global this week lowered its outlook for Nordstrom to negative as analysts with the ratings agency expect continued pressure on the department store chain's operating results. S&P maintained Nordstrom's BBB+ credit rating, but analysts said in an emailed press release the change in outlook "reflects the risk that profitability may not rebound sufficiently to maintain the rating given recent execution issues, heavy investments, and intense competition at both its full-price...
Read more...