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Why Nordstrom Stock Plunged Today

TheMotleyFool

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Shares of Nordstrom (NYSE: JWN) crashed on Wednesday after the department store company's third-quarter earnings results distressed investors.

As of 3:45 p.m. ET, Nordstrom's stock price was down 29%.

Nordstrom's net sales rose 18% year over year to $3.5 billion, as more shoppers returned to the retailer's stores. Yet Nordstrom's sales were still slightly below their pre-pandemic levels.

Source Fool.com

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