The lower profits and muted outlooks this week from retailers such as J.C. Penney Co., Macy's Inc. and Nordstrom Inc. are heightening concerns among investors that shoppers' focus on necessities and buying at discounters could linger well into next year.
nordstrom incNordstrom's 2Q profits decline 21 percentNewsvine - business Thu, 08/14/2008 - 15:22
Nordstrom Inc. says its second-quarter profit dropped 21 percent as its affluent consumers pull back on fashions in a tough economy. |
