Nordstrom Faces the Street as Full-Price Sales Miss

Nordstrom's holiday sales update showed a preference for discounted items, with full-price sales lagging. Digital sales rose significantly, but this did not prevent stock downgrades from analysts, including Goldman Sachs, who expressed concerns about Nordstrom's core business. The department store sector faces broader challenges, as seen with Macy's recent performance.

What were the analysts' reactions to Nordstrom's performance and how did it affect their price targets?

In what ways does the current consumer behavior reflect on Nordstrom's sales strategy?