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Stock impact report

Pandemic hangover is pushing U.S. shoppers to put debt concerns aside and just live it up [Globe and Mail, The (Toronto, Canada)]

Nordstrom, Inc. (JWN) 
Last nordstrom, inc. earnings: 3/3 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.nordstrom.com
try to make sense of the strong sales at U.S. stores on Black Friday and record-setting online sales on Cyber Monday. The recurring question: What inflation? Shoppers' enthusiastic spending to kick off the holiday season has defied the gloomy mood set by a well-worn list of data that has weighed on the U.S. economy for some time. Inflation is at 40-year highs, with steep prices for gas, food and other staples, and rising interest rates are making everything from mortgages to car loans more expensive. Yet retail sales over the U.S. Thanksgiving long weekend topped US$9-billion, and Cyber Monday sales of more than US$11-billion set a new record. The National Retail Federation expects the good times will continue, predicting holiday sales this year will rise as much as 8 per cent from a year ago. The trend is both counterintuitive and a bit scary. And there's a catch: To pay for the binge, consumers are dipping into their savings at record levels, racking up significant debt on c Show less Read more
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