All posts from in,

Nordstrom Shares Rise Even As Other Retailers Hit Discount Bin

Nordstrom Inc. shares are steering clear of the discount bin.

The department store’s stock is up as much as 6.8%, its best intraday performance in more than a year, after the company raised its full-year guidance and beat earnings and sales expectations Thursday after the close.

An upbeat report from Nordstrom comes during a week of not-so-rosy quarterly results from other department stores. Kohl’s Corp. and Macy’s Inc. missed earnings and sales estimates. J.C. Penney Co. beat on the top and bottom line Friday morning though. Nordstrom and J.C. Penney shares are up mid-single digits on the...