Nordstrom Reports Weaker Same-Store Sales Growth, Net Sales Increase

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Nordstrom Inc. reported weaker same-store gross sales progress than anticipated, whereas web gross sales rose in its newest quarter because the retailer continues to spend money on new market alternatives and its e-commerce enterprise to drive buyer engagement.

The Seattle-based firm reported web gross sales for the primary quarter jumped 5.eight%, to $three.47 billion, primarily due to the shift of a Nordstrom Rewards loyalty occasion into the primary quarter in contrast with the second quarter final yr, it mentioned Thursday afternoon.

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