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Nordstrom raises sales outlook after holiday season was better than feared

1. Nordstrom raised full-year sales outlook after stronger than expected holiday sales. 2. Revenue growth now expected at 1.5% to 2.5%, up from flat to 1%. 3. Comparable sales rose 5.8% during the nine-week holiday period. 4. Net sales at Nordstrom Rack increased by 7.4%, outperforming expectations. 5. Founding family plans to take Nordstrom private with a $6.25 billion deal.

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FAQ

Why Bullish?

Stronger sales outlook indicates improving consumer demand, potentially enhancing investor confidence.

How important is it?

The article provides crucial insights regarding sales performance and strategic shifts impacting Nordstrom's future.

Why Short Term?

Projected sales growth might lead to immediate investor reactions, especially before earnings.

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