Nordstrom quietly purging its stores of Michael Kors

Nordstrom and Michael Kors are on the rocks.

The Seattle-based department store is💜 quietly dumping the designer’s handbags in more than hౠalf of its 121 full-line stores across the country, according to a research report on Tuesday.

Nordstrom is also feeliꦯng squeezed by rival Macy’s, which has a glut of Kors bags, many of them on sale, the report from Wedbush Securities said. The markdowns are forcing Nordstrom to match the disco♐unt.

“The incessant price matching that was necessary to keep up with Macy’s promotions” is a major reason Nordstrom is scaling back Kors bags, according to Lupine Skelly, who runs the retail checking group at Wedbush.

Nordstrom, in a statement, insisted that it’s not discontinuing its “significant” relationship with Kors. A spokesman, though, declined to comment on the report’s assertion that some 54 stores had stopped carrying the bags in May and that another six might do so by June.

Michael Kors decl♏ined to comment. Itꦏs stock closed up 5 cents, to $41.56.