Nordstrom raises lower end of annual sales outlook on uncertain environment

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Nordstrom raises lower end of annual sales outlook on uncertain environment - Business Standard

Quick Summary:

However, the company beat third-quarter revenue and profit estimates on the back of popular brands including On Running, Hoka and Vuori.

At the end of the third quarter, inventory grew 6 per cent, outpacing sales growth of 5 per cent.

Nordstrom's addition of sought-after brands, along with its focus on digital growth and expanding stores of its off-price brand Rack, has boosted sales ahead of a potentially mixed holiday season.