{"id":36395,"date":"2023-11-22T03:05:44","date_gmt":"2023-11-22T03:05:44","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/nordstrom-warns-of-softening-consumer-spending-but-says-its-cutting-prices-less\/"},"modified":"2023-11-22T03:05:45","modified_gmt":"2023-11-22T03:05:45","slug":"nordstrom-warns-of-softening-consumer-spending-but-says-its-cutting-prices-less","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=36395","title":{"rendered":"Nordstrom warns of \u2018softening\u2019 consumer spending, but says it\u2019s cutting prices less"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002751156\">\n<div class=\"snippet__body\">\n<p>Upscale clothing retailer Nordstrom Inc. on Tuesday warned of \u201csoftening\u201d consumer spending ahead of the holidays. But after more than a year of rushing to clear shelves of piles of unwanted clothing, executives there became the latest to say they haven\u2019t needed to cut prices as much. <\/p>\n<p>Chief Executive Erik Nordstrom said on the company\u2019s earnings call that store inventories \u2014 or its reserves of shirts, pants and shoes still sitting in stockrooms \u2014 were down 9% during the third quarter. Those thinner stockpiles, he said, \u201crequired&#8230;<\/p>\n<div id=\"cx-snippet\">\n<div class=\"snippet__roadblock\">\n<p><h3 class=\"headline_1\">\n              Master your money.<br \/>\n            <\/h3>\n<h3 class=\"headline_2\">\n              Subscribe to MarketWatch.<br \/>\n            <\/h3>\n<\/p>\n<p><h4 class=\"subheadline_1\">\n              Get this article and all of MarketWatch.<br \/>\n            <\/h4>\n<h4 class=\"subheadline_2\">\n              Access from any device. Anywhere. Anytime.<br \/>\n            <\/h4>\n<\/p>\n<p>             Subscribe Now<\/p>\n<p class=\"snippet__roadblock_sign_in_text\">\n            Already a subscriber?<\/p>\n<p>              Log In<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/nordstrom-holds-to-sales-outlook-amid-softening-consumer-spending-98d28e12?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Upscale clothing retailer Nordstrom Inc. on Tuesday warned of \u201csoftening\u201d consumer spending ahead of the holidays. But after more than a year of rushing to clear shelves of piles of unwanted clothing, executives there became the latest to say they haven\u2019t needed to cut prices as much. Chief Executive Erik Nordstrom said on the company\u2019s<\/p>\n","protected":false},"author":1,"featured_media":36396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-36395","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nordstrom warns of \u2018softening\u2019 consumer spending, but says it\u2019s cutting prices less | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Upscale clothing retailer Nordstrom Inc. on Tuesday warned of \u201csoftening\u201d consumer spending ahead of the holidays. 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