Shares of retail and apparel companies, including Nordstrom, Inc. (NYSE:JWN), are trading higher amid overall market strength as investors react to March inflation data.
While CPI data showed consumer prices rose 8.5%, Core CPI came in slightly below estimates. The index for all items less food and energy rose 0.3% in March following a 0.5% increase the prior month. The index for apparel rose 0.6% in March.
Nordstrom is a fashion retailer that operates approximately 100 department stores in the U.S. and Canada and approximately 250 off-price Nordstrom Rack stores.
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Nordstrom is trading higher by 2.69% at $28.60. Nordstrom has a 52-week high of $43.80 and a 52-week low of $18.65.
