Friday, December 12, 2008

Upscale Shoppers Pinching Pennies at Nordstrom

Are upscale shoppers less susceptible to economic downturns? Luxury retailer Nordstrom (JWN-$12.63) is now acutely aware that even the wealthy are holding back on purchasing new holiday fashions, and with housing values still in freefall (particularly in California, where one-third of its stores are located), credit delinquency rates are rising, according to…. Read More….

Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.

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