CNBC
•79% Informative
Nordstrom 's sales declined year over year and it missed Wall Street's quarterly revenue expectations.
The department store operator has chased growth after years of stagnant sales.
Yet the retailer's leaders stressed progress with improving Nordstrom Rack's performance and getting its inventory in better shape. Nordstrom om r Tuesday ed its full-year sal nearly 7% k, saying it expects revenue to decline by between 4% and 6% versus a year ago. about 18% full-year maryFeed_highLightText__NxlGi">this year between 4% and 6% _highLig a year ago lGi">8% Nordstrom 1.90 day 2.10 > Nordstrom Canada ="summaryFeed_highLightText__NxlGi">roughly a third the fiscal third quarter ightText__NxlGi">the quarter the fiscal third quar Refinitiv > 25 cents LightText__NxlG 13 cents ersary $3.32 billion yFeed $3.40 billion t__NxlGi">one wee three-month span class="summary Oct. 28 gh Nordstrom __NxlGi">Nordstrom Rac $67 million span 41 cents ummaryFeed_highLightText__NxlGi">t $20 million 13 cents n cla the year-ago quarter LightText__NxlGi">11.3% Digital < the year-ago quarter ee Nordstrom htText__NxlGi">the year-ago three straight years summaryFeed_highLightText__NxlGi">nearly 9% a year ago three-mo Covid span> Erik Nordstrom 1.8% Nordstrom Rack xlGi">Nordstrom Rack 9.4%< Nordstrom span class="summaryFeed_highLightText__NxlGi">Nordstrom the year-ago $3.55 billion $3.32 billion< about the holiday season maryF Tuesday hLightText__NxlGi">quarterly Lowe Text__NxlGi"> fiscal fourth-quarter an class="summaryFeed_ American Eagle Outfitters rcrombie & Fitch
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