America's department stores had a brutal start to 2019.
Nordstrom's (JWN) total sales during its first quarter fell 3.5% from the same period a year ago, the company reported Tuesday. In prepared remarks, Nordstrom's CEO blamed the sales drop on "executional misses" with customers.
The retailer also trimmed its guidance. Instead of up to 2% sales growth this year, Nordstrom now expects revenue to decline up to 2%.
Nordstrom's stock dropped 9% during after-hours trading.
Big box retailers and discount players like TJMaxx have squeezed department stores such as Nordstrom (JWN), Kohl's (KSS) and JCPenney (JCP).
JCPenney said Tuesday that sales at stores open at least a year dropped 5.5% during its first quarter compared with a year ago, while Kohl's reported a 3.4% sales decline during the quarter.
JCPenney's stock closed down 7% Tuesday, while shares of Kohl's lost 12%.