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Actionable news in JWN: NORDSTROM Inc,

Nordstrom Gains After Surprise Sales Growth Reassures Investors

  • Quarterly uptick follows declines at peers Macy’s and Kohl’s
  • Nordstrom family mulling a plan to take the retailer private

Nordstrom Inc. is bucking the trend of declining sales in the department-store industry.

The upscale retailer posted a same-store sales gain of 1.7 percent in the latest quarter, well ahead of the 0.5 percent decline predicted by analysts. Nordstrom also posted earnings that topped Wall Street’s projections.

The results offer fresh hope that the beleaguered department-store model isn’t permanently broken. Shrinking sales at Macy’s Inc. and Kohl’s Corp. had renewed concerns that the entire industry is stuck in an intractable slump.
Nordstrom’s more upbeat outlook also provides a tailwind as it considers a plan to go private. In...


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