Nordstrom Reports Holiday Sales, Updates Outlook
1. Nordstrom's holiday sales rose 4.9%, exceeding prior expectations. 2. Comparable sales increased 5.8%, indicating robust customer demand. 3. Company raises 2024 revenue growth outlook to 1.5-2.5%. 4. Nordstrom Rack performed well with 7.4% net sales growth. 5. Profitability guidance confirmed amid competitive promotional environment.