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Why Nordstrom Stock Fell on Tuesday

TheMotleyFool

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Shares of upscale department-store operator Nordstrom (NYSE: JWN) closed lower on Tuesday, likely on a growing consensus that the reopening of the U.S. economy will be a gradual, up-and-down process.

Nordstrom's shares ended the session at $16.16, down 5.6% from Monday's closing price.

Nordstrom last updated investors on May 6, when it said that it will permanently close 16 of its full-price department stores amid a larger restructuring plan that aims to save about $150 million per year.

Source Fool.com

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