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Nordstrom posts weak holiday sales, cuts FY22 outlook

Nordstrom, Inc. announced a net sales decrease of 3.5 percent for the nine-week holiday period ended December 31, 2022. For the Nordstrom banner, the company said, net sales decreased 1.7 percent, while net sales at the Nordstrom Rack banner decreased 7.6 percent. Based on holiday results, the company expects its fiscal 2022 results to be at the...

20 Jan 2023