Nordstrom shares, meanwhile, could dip even more than they did during the after-hours session, argued trader Guy Adami. He believes the stock could fall to $44 per share, down from its Thursday closing price of just under $53 per share.
Adami did, however, see upside for two other retail stocks. Macy's, which has climbed more than 17 percent this year after a dismal 2015, "continues to be interesting," Adami said.
He also thinks TJX shares could climb, as the retailer has "dominated" the discount segment.
Tim Seymour is long AAPL, BAC, BBRY, DO, F, FCX, GM, GOOGL, INTC, JCP, NKE, SINA, T, TWTR, VZ, XOM. Tim's firm is long BABA, BIDU, CLF, KO, MCD, PEP, SAVE, SBUX, VALE, WMT,YHOO, short HYG, IWM.
Dan is long WMT Feb put spread, long PFE buy-write, long TWTR, long XLP put spread, long XOM Feb put spread, long UUP March calls, long GE May 28 puts, short SPY, long JPM April puts
Karen is long BAC, C, FL, GOOG, GOOGL, JPM, LYV, KORS, M, SEDG, SPY calls, URI, she is short SPY. Her firm is long ANTM, AAPL, BAC, C, C calls, FINL, FL, GOOG, GOOGL, JPM, KORS, LYV, M, MOH, NRF, PLCE, URI, her firm is short IWM, MDY, SPY. Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.