Wednesday, January 10, 2018

Nordstrom Ends Rocky Year With Modest Holiday Sales Growth

Nordstrom's new store at the Yorkdale Shopping Center, Toronto | Source: CourtesyNordstrom Inc., after a year of sluggish sales and a failed plan to take the company private, eked out modest growth during the holiday season.

Same-store sales — a key measure — climbed 1.2 percent in November and December combined, the company said on Tuesday. Though that marked a rebound from the 0.9 percent decline in the previous quarter, investors are still waiting for a more dramatic comeback. . . . more

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