The Seattle-based luxury department store chain announced mixed results for the fourth quarter of 2018 on Thursday, reporting higher than expected profits, while sales came in below Wall Street forecasts.
Shares in Nordstrom Inc slumped 9 percent after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.
As it aims to fill 24,000 roles for the holiday season, the department store chain hosted a company-wide hiring day on Friday, with events at all of its Nordstrom and Nordstrom Rack locations across the US and Canada.
Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than-expected quarterly same-store sales growth, as more people shopped at its online stores.
Upscale department store operator Nordstrom Inc’s shares dropped more than 7% on Thursday after the retailer reported same-store sales that missed analysts’ estimates, including a weak quarter for its shoe business.