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.
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00:00It's Benzinga bringing Wall Street to Main Street. Nordstrom raised its full-year sales
00:03outlook following stronger-than-expected holiday sales. Nordstrom raised its revenue growth
00:07projection but kept its profit forecast unchanged. The company attributed its success to competitive
00:12promotional strategies and a robust product offering. This update comes amid a planned
00:18buyout deal with its founding family and Mexican retailer El Puero de Liverpool,
00:23expected to close in the first half of 2025. Shares closed 4% below their 52-week high on Friday.
00:29For all things money, visit Benzinga.com.