Shares of several department retailers dropped in morning trading after reporting quarterly sales declines, joining a collection of sector peers that are also experiencing sales weakness amid a difficult retail environment.

NORDSTROM: After the market close yesterday, Nordstrom (JWN) reported Q1 EPS of 26c on revenue of $3.2B, falling short of analysts’ expectations of 46c and $3.28B, respectively. Same-store sales for the quarter fell 1.7% year-over-year, the company said. In addition, the retailer slashed its FY16 adjusted EPS guidance range to $2.50-$2.70 from $3.10-$3.35 and cut its revenue growth view for the year to 2.5%-4.5% from 3.5%-5.5% and its SSS view to down 1% to up 1% from flat to up 2%. Analysts expect FY16 adjusted EPS of $3.20 on revenue of $14.93B. Commenting on the results, Nordstrom co-president Blake Nordstrom said that the company has made “further adjustments” to its inventory and expense plans in response to weak Q1 results. On its earnings conference call, the company said it anticipates that “uncertainty” in sales will continue in 2016. Following the results, Stifel lowered its price target on the stock to $54 from $66 but maintained a Buy rating, saying Nordstrom should be bought on weakness and sees EPS growth accelerating going forward. Deutsche Bank analyst Paul Trussell also cut its price target for Nordstrom to $47 from $57 and kept a Buy rating, saying that the company is experiencing a “down-cycle.”

DILLARD’S: Dillard’s (DDS) also announced Q1 earnings after the close yesterday, reporting Q1 EPS of $2.17 on revenue of $1.5B, well below analysts’ estimates of $2.57 and $1.56B, respectively. The company said total merchandise sales for the quarter fell 5% year-over-year while SSS also declined 5%. After the report, Deutsche Bank’s Trussell cut his price target to $55 From $65 and reiterated a Sell rating on the stock, saying he sees the company’s FY16 EPS decreasing 15% and does not anticipate a rebound to positive territory in fiscal 2017 given what he views as a lack of growth initiatives.