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Nordstrom ( (JWN) ) has provided an update.
Nordstrom, Inc. reported a 4.9% increase in total company net sales and a 5.8% rise in comparable sales for the nine-week holiday period ending January 4, 2025. Based on strong holiday sales, the company has raised its fiscal 2024 revenue growth outlook to 1.5–2.5%, with comparable sales growth expected at 2.5–3.5%, indicating a positive impact on its market positioning and expectations for enhanced profitability.
More about Nordstrom
Nordstrom, Inc. is a retail company committed to helping customers look and feel their best. Established in 1901 as a shoe store, Nordstrom has expanded its services to offer a wide range of fashion products through its interconnected model, which includes over 350 physical stores and digital platforms.
YTD Price Performance: -0.25%
Average Trading Volume: 2,587,203
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.98B
For an in-depth examination of JWN stock, go to TipRanks’ Stock Analysis page.
