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.
12:34 Sears warns of 'going concern' doubts17
00:32 Elon Musk is setting up a company that will link brains and computers11
21:09 Paul Ryan: House Republicans will continue their push for health-care reform this year10
20:27 The best hire Indiana could have made: Hoosiers opt for quality over nostalgia with Dayton's Archie Miller17