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 (NYSE:JWN) 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 (NYSE:WMT), and whether now is the time to pick up some great companies on sale.