Nordstrom Reports Holiday Sales, Updates Outlook
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Nordstrom, Inc. reported a 4.9% increase in total net sales and a 5.8% increase in comparable sales for the holiday period ending January 4, 2025. The Nordstrom banner saw a 3.7% net sales increase, while Nordstrom Rack's net sales rose by 7.4%.
January 10, 2025 | 9:15 pm
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Nordstrom, Inc. reported a 4.9% increase in total net sales and a 5.8% increase in comparable sales for the holiday period ending January 4, 2025. The Nordstrom banner saw a 3.7% net sales increase, while Nordstrom Rack's net sales rose by 7.4%.
The reported increase in sales, especially during the crucial holiday period, is a positive indicator for Nordstrom's financial health and market performance. The significant growth in Nordstrom Rack's sales suggests strong consumer demand, which could lead to a positive short-term impact on JWN's stock price.
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