Nordstrom (JWN) PT Lowered to $45 at Citi
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Nordstrom Reports Holiday Sales
January 15, 2019 6:00 PM ESTComparable Sales Increase of 1.3%
SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today announced a comparable sales increase of 1.3 percent for the nine weeks ended January 5, 2019, compared with the nine weeks ended January 6, 2018.
In Full-Price, comparable sales increased 0.3 percent relative to the third quarter year-to-date increase of 1.9 percent, reflecting softer traffic in stores. In Off-Price, comparable sales increased 3.9 percent, which was consistent with year-to-date trends and expectations. Digital sales for the Company increased 18 percent over the same period last year, representing 36 percent of sales.
While year-to-date comparable sales of... More
