Nordstrom shares sink after retailer posts weak holiday sales

Shares of Nordstrom fell Thursday, aft the section store concatenation said it was wounded by anemic income and a batch of markdowns during the vacation season.

The retailer said nett income dropped 3.5% for the nine-week vacation play that ended Dec. 31 compared with the year-ago period. Net income decreased 1.7% for its namesake banner and 7.6% for its off-price banner, Nordstrom Rack.

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