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Nordstrom CFO Anne Bramman To Step Down; Reaffirms 2022 Outlook

WASHINGTON (dpa-AFX) - Nordstrom Inc. (JWN) said that its Chief Financial Officer Anne Bramman has informed the company of her intention to step down from her role. Her last day with the company ....

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Luxury retailers lean on affluent customers to dodge inflation bullet

Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S. retail industry in an inflationary environment, thanks to the deep pockets of their customer base. The retail landscape is feeling the strain of decades-high inflation as a sharp increase in prices of everything from TVs to toothpaste prompts most consumers to curb their spending habit. In the past few weeks, major retail chains including Walmart and Target have reported steep declines in their quarterly profit due to surging costs of freight and labor as well as consumers trading down to essentials. ....

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