Nordstrom beats quarterly estimates, breaking weak demand trend at department stores
- Posted on November 26, 2024
- By Yahoo News
- 3 Views
Nordstrom beats quarterly estimates, breaking weak demand trend at department stores
Nordstrom beat third-quarter revenue and profit estimates on Tuesday, helped by rising demand for popular brands including On Running, Hoka and Vuori at its department stores. Adding fresh and desired brands to its shelves has helped Nordstrom appeal to more customers. Nordstrom bucked the trend on tepid spending at department stores by luring in shoppers for categories including women's apparel, shoes and men's apparel, while peers such as Macy's and Kohl's struggled with patchy demand.