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January 23, 2023

Nordstrom cuts outlook as bad news piles up

By ANNE D'INNOCENZIO
AP Retail Writer

NEW YORK — Nordstrom cut its annual profit outlook amid lackluster holiday sales that forced it to slash prices.

The disappointing report is the latest evidence that shoppers, including the well-heeled, have pulled back buying during the critical holiday season as they confront higher prices and borrowing costs.


 
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