Key Takeaways Nordstrom shares fell sharply in premarket trading Wednesday after the upscale retailer issued a disappointing fiscal 2024 outlook. Sales at the mall anchor’s namesake banner stores slipped 3% from last year's equivalent quarter but grew nearly 15% at its Nordstrom Rack off-price brand, indicating price-conscious customers were prioritizing value when shopping over the holiday period. The Nordstrom share price may find support between the 50- and 200-day moving averages from $17.52 to$19.09. ...