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Big Tech Layoffs, Signs of Housing Trouble
Motley Fool Money
Is the Holiday Season a Good Year?
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The holiday season was highly promotional and sales were softer than pre-pandemic levels, Nordstrom said. The wealthier, better offshopper is still spending; the lower income spenders are not. They took additional markdowns on inventory and they feel like they've got inventory in a good place now. But you know, you look at this business, you go back to 2018 at this time during the year - their bottom line is shrinking.
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