Express News | Nordstrom Inc. : Barclays Raises Target Price to $24 From $23
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Nordstrom raises annual sales forecast, expecting revenue growth of 1.5 to 2.5%.
Glory Finance on January 13|Department store Nordstrom raised its annual sales forecast, mainly due to better-than-expected performance during the holiday period for both its website and physical stores. Nordstrom now expects annual revenue to grow between 1.5% and 2.5%, compared to the previous forecast of flat or up 1%. During the nine-week holiday period ending January 4, net sales increased by 4.9%, and same-store sales rose by 5.8% compared to the same period last year. Nordstrom banner's net sales increased by 3.7%, with same-store sales up by 6.5%. Discount store Nordstrom Rack's net sales increased by 7.4%, with same-store sales growing.
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Nordstrom Lifts Guidance After Holiday Sales Climb 4.9% -- Market Talk
The department store Nordstrom raised its annual sales forecast, with both online and physical store holiday sales exceeding expectations.
Department store Nordstrom (JWN.US) raised its full-year sales forecast on Friday, primarily due to stronger-than-expected holiday performance in both online and physical stores. Nordstrom currently expects full-year revenue to grow by 1.5% to 2.5%, up from a prior expectation of flat or up 1%. Nordstrom stated that for the nine-week holiday period ending January 4, net sales increased by 4.9%, with same-store sales up 5.8% compared to the same period last year. During the holiday period, Nordstrom banner net sales grew by 3.7%, and same-store sales increased by 6.5%. Discount Stores
Nordstrom Raises Sales Outlook After Holiday Season Was Better Than Feared