All’s quiet on the Pacific Northwest front as JWN stock dramatically tumbles to $12.33/share..... Anyone care to spill a bit of info?
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Busy or making less people do more?
I don’t know but at the supply chain they just told us we will only have one day off a week till Christmas and working 9 hours days I can’t take it it’s too much taking it one day at a time and saving money
Columbia Sportswear closed their store @ 2nd and Pine. Downtown Seattle retail is almost nonexistent. Even the IGA on 2nd, opened to support the condo dwellers, closed up. The shrinkage there must have been insane.
I’m not headed back to the office any time soon, how about you?
It is definitely about $jwn. The family is awfully quiet as shareholders being to panic cry....
Or maybe it is:
“Excessive debt/leverage/rents and negative cash flow may require a business reorganization in the next 6-12 months.“
So $jwn has bled more than a quarter of its value this month, with no signs of stopping.
Remember also that it is no longer a member of the S&P 500, so when all the normie Millennials pile their 401(k) withholdings into $spy, there is no additional “passive” investing demand for $jwn.
This is a very big deal.
It’s not about $jwn.