Nordstrom Sees Holiday Sales Surge; Raises Revenue Outlook

Nordstrom reports strong holiday sales with net sales up 4.9%, prompting a revision in revenue growth expectations. CEO Erik Nordstrom highlights the company's competitive efforts, marking a positive shift in their fiscal outlook.

Date: 11-01-2025

AI Rating: 7

Revenue Growth
Nordstrom announced that total company net sales increased by 4.9% during the nine-week holiday period. This indicates strong consumer demand and effective promotional strategies. The increase in comparable sales of 5.8% showcases their ability to drive sales growth effectively across both retail banners.

Comparative Sales Performance
Specifically, for the Nordstrom banner, net sales rose by 3.7% with a comparable sales increase of 6.5%, whereas Nordstrom Rack saw net sales increase by 7.4% along with a comparable sales increase of 4.3%. Such performance suggests resilient brand strength and customer loyalty.

Revised Fiscal Outlook
Following these encouraging holiday results, Nordstrom raised its full-year revenue growth outlook to a range of 1.5% to 2.5%, a notable improvement from the previous estimation of flat to 1.0% growth. The updated expectation for comparable sales growth also increased to 2.5% to 3.5%, compared to the earlier guidance of 1.0% to 2.0%. This revision is a positive indication of the company’s confidence in continued sales momentum going forward.

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