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Shoppers exit the Nordstrom at the Westfield Topanga mall in Los Angeles on Aug. 14, 2023.
Christina House | Los Angeles Times | Getty Images
Nordstrom’s holiday-quarter sales topped Wall Street’s expectations on Tuesday, but the retailer gave a muted outlook for the year ahead, and shares fell about 10% in extended trading.
The Seattle-based company said it plans to open new Nordstrom Rack stores and drive higher online and in-store sales in the coming year. Yet, it said full-year revenue, including retail sales and credit cards, will range from a 2% decline to a 1% gain compared with the previous year. That forecast includes a more than 1% hit from having one less week in the fiscal…
Source cnbc.com
