Nordstrom Surpasses Q3 Sales Expectations with 4% Growth 📈

Nordstrom exceeded Wall Street's sales expectations for the third quarter, with a 4% year-over-year revenue increase driven by strong sales in clothing, shoes, and activewear. Despite the positive results, the retailer issued a conservative full-year sales forecast, projecting modest revenue growth of up to 1%. The company's net income for the quarter was $46 million, a decline from the previous year. Comparable sales rose, exceeding analyst expectations. Nordstrom and its off-price chain, Nordstrom Rack, are showing similar growth. Digital sales grew more than 6%, reflecting successful online enhancements.