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A person walks by an entrance to Nordstrom.
Nordstrom’s flagship store in Downtown Seattle, Wednesday Aug. 14, 2019. Nordstrom and other retailers that cater to America’s upper middle class have experienced weakening results. (Bettina Hansen/Seattle Times/TNS)
UPDATED:

In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — saw its biggest sales drop in two years.

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