Nordstrom Earnings Disappoint; Has Luxury Lost Its Luster?

By Alison Southwick, Ron Gross, and Charly Travers – Aug 16, 2013 at 5:46PM

NYSE: JWN

Nordstrom

Market Cap

$3B

Today's Change

(0.39%) $0.08

Current Price

$20.37

Price as of May 10, 2024, 2:16 p.m. ET

Is no retailer immune from this sector-wide slump?

The following video is from Friday's Investor Beat, in which host Alison Southwick and analysts Charly Travers and Ron Gross dissect the hardest-hitting investing stories of the day.

Nordstrom (JWN 0.39%) disappointed analysts with their Q2 earnings report. Even though same-store sales rose 4.4 percent, the company lowered their outlook for the year. In our lead story on Investor Beat, Motley Fool analysts Charly Travers and Ron Gross examine why luxury is suffering alongside the likes of Wal-Mart (WMT -0.02%), and whether now is the time to pick up some great companies on sale.

Alison Southwick has no position in any stocks mentioned. Charly Travers owns shares of Kohl's. Ron Gross has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.