Reported about 1 month ago
Nordstrom experienced a rise in second-quarter revenue, attributed to its successful Anniversary Sale, which has led to an 11% increase in its stock price during after-hours trading. The company has adjusted its annual sales forecast upward amidst lingering inflation concerns affecting consumer spending patterns, particularly among lower-income shoppers. Total revenue reached $3.89 billion, slightly below analysts' expectations. Despite challenges, the upscale department store remains optimistic about its performance.
Source: YAHOO