Nordstrom prices are too high, survey finds

A UBS consumer survey of U.S. off-price and department-store retailers found that shoppers avoid Nordstrom Inc. because of "high prices." "We believe this is why Nordstrom's full-price stores are losing more customers than they are gaining," wrote analysts led by Jay Sole. Nordstrom is a luxury retailer selling brands like Fendi and Givenchy that have garments priced for thousands of dollars. But Nordstrom also sells merchandise from more affordable labels like Free People, an Urban...