Nordstrom slashes 400 jobs

April 18, 2016 10:12 PM

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Nordstrom plans to cut between 350 and 400 jobs in a bid to slash $60 million in costs.

Like most American retailers, Nordstrom (JWN) is struggling. When the it reported sluggish summer sales last year, co-president Blake Nordstrom admitted executives couldn't pin down why customers weren't shopping. "We're not economists, we're merchants," he told investors in November.

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