Nordstrom Takes A Nosedive

Nordstrom, Inc., a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name

Nordstrom shares tanked today to their lowest price since 2010 after reporting first-quarter results that missed on the top and bottom lines.

Nordstrom reported earnings of 23 cents per share on revenue of $3.44 billion. However, Wall Street was expected earnings of

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