Nordstrom holiday sales fall 22

added 13.01.2021 23:22

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JWN, shares fell more than 3% in the extended session Wednesday after the retailer reported holiday sales that were in line with company expectations and said it continued to expect a fourth-quarter profit.

Online sales in the period rose 23% "and continued to represent a majority of the business," Nordstrom said.

Nordstrom will report fourth-quarter and full-year 2020 earnings on March 2.

Shares of Nordstrom ended the regular trading day up 0.9%.

Net sales declined about 22% for the nine-week holiday period ended Jan. 2, with December sales for the Nordstrom and Nordstrom Rack brands higher than November sales "with momentum continuing into January," the company said.

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