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Business

Nordstrom, Urban Outfitters and more




A shopper wearing a protective face mask walks into the Urban Outfitters store during Black Friday sales at the Roosevelt Field mall in Garden City, New York, on November 26, 2021.

Shannon Stapleton | Reuters

Check out the companies making headlines by the hour:

Nordstrom — Shares in the department store fell more than 1[ads1]2% in extended trading after the company cut its full-year financial forecast. Nordstrom said it faces an overabundance of inventory that it must reduce to move off the shelves. The company reported accounting earnings and sales for the second quarter ahead of analysts’ estimates.

Urban Outfitters — The clothing retailer saw its shares fall about 3% in after-hours trading after an earnings miss. Urban Outfitters posted quarterly earnings of 64 cents, missing the 68 cents analysts were looking for, according to Refinitiv. Revenue came in at $1.18 billion, which matched expectations.

La-Z-Boy — The furniture retailer’s shares jumped as much as 9% in extended trading after quarterly earnings and sales beat estimates. La-Z-Boy said retail segment sales rose 30% to $236 million, marking an all-time quarterly record.



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