Nordstrom Boosts Sales Outlook After Strong Holiday Performance

Nordstrom Boosts Sales Outlook After Strong Holiday Performance

Nordstrom raised its full-year sales outlook following stronger-than-expected holiday sales. The company also raised its revenue growth projection but kept its profit forecast unchanged. The company attributed its success to competitive promotional strategies and a robust product offering. This update comes amid a planned buyout deal with its founding family and Mexican retailer El Puerto de Liverpool, expected to close in the first half of 2025. Shares closed 4 below their 52-week high on Friday.


User: Benzinga

Views: 113

Uploaded: 2025-01-13

Duration: 00:34

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