The nation’s largest consumer electronics chain joined other major retailers including Walmart, Target and Macy’s in putting up banner numbers, suggesting that Americans have continued to be spend even as the delta variant spreads. Department store chain Nordstrom also upgraded its annual revenue outlook Tuesday after reporting fiscal second-quarter results that beat expectations.
But shares of Seattle-based Nordstrom fell nearly 8%, or $2.86, to $34.95 in extended trading after it issued its quarterly report. Investors appeared disappointed with Nordstrom saying that its quarterly sales were still below the pre-pandemic 2019 period.
There have been concerns that consumer spending, which drives 70% of U.S. economic activity, would begin to slow again as it did early in 2020 when COVID-19 first hit the country.
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Bu hikaye Techlife News dergisinin Techlife News #513 sayısından alınmıştır.
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Already a subscriber? Giriş Yap
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