What was the main reason for the different market reactions to Macy's and Nordstrom's financial outlooks?
Jefferies' Wissink: This Is A Middle-Income Recession

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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Nordstrom's anniversary sale exceeded expectations.
Macy's had a higher sales growth.
Nordstrom's guidance and inflation commentary caused concern.
Macy's had better inventory management.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected impact of inflation on the middle-income bracket according to the discussion?
It will only affect the high-income bracket.
It will not affect any income bracket.
It is starting to affect the higher middle-income level.
It will only affect the low-income bracket.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might student loan forgiveness impact retail spending according to the discussion?
It will lead to a decrease in retail sales.
It will only affect high-income consumers.
It will have a delayed effect due to repayment deferrals.
It will immediately boost spending among all income groups.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which income group is highlighted as being most vulnerable in the current economic climate?
High-income group
All income groups equally
Low-income group
Middle-income group
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which retailers are mentioned as being affected by the middle-income squeeze?
All retailers equally
Only Walmart and Target
Kohl's, Macy's, Nordstrom, Walmart, and Target
Only Macy's and Nordstrom
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