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Nordstrom updates FY17 outlook on positive holiday trading

Nordstrom net sales increased 2.5 percent, while comparable sales rose 1.2 percent for the nine weeks ended December 30, 2017, compared with the same period last year. The company said, this reflected an improvement in Nordstrom full-line and Nordstrom Rack stores relative to year-to-date sales trends and continued growth in ecommerce at Nordstrom.com and Nordstromrack.com/HauteLook.

In the Nordstrom brand, including the US and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, increased 0.7 percent and comparable sales increased 1.0 percent. In the Nordstrom Rack brand, which consists of Nordstrom Rack stores and Nordstromrack.com/HauteLook, net sales increased 8.2 percent and comparable sales increased 2.9 percent.

Based on holiday results, the company has updated its fiscal 2017 expectations for an increase in net sales of approximately 4.2 percent, inclusive of the 53rd week, and an increase in comparable sales of approximately 0.5 percent. Nordstrom expects full-year earnings per diluted share to be in a range of 2.90 dollars to 2.95 dollars, compared with its prior outlook of 2.85 dollars to 2.95 dollars.

Picture:Nordstrom website