Nordstrom CEO Notes ‘Noticeable Decline' in Sales Trends

KEY TAKEAWAYSDepartment-store chain Nordstrom Tuesday boosted the low end of its full-year projections, although its CEO warned that there was a “noticeable decline” in sales trends at the end of last month.The retailer, which is weighing a plan by its founding family to take it private, also reported higher-than-estimated third-quarter results. Nordstrom President Pete Nordstrom said the company is “well-positioned for a successful holiday season.” Department-store chain Nordstrom (JWN) on Tuesday boosted ...