Citing momentum over the holidays, Nordstrom moves deeper into off-price

The retailer will open even more of its Rack stores this year than in 2023, but analysts warned that its full-line business also requires attention. Dive Brief: With the benefit of an extra week, Nordstrom Q4 net sales rose 2.2% to $4.3 billion; with credit card revenue up 6.7% to $127 million, total revenue in the period rose 2.3% to $4.4 billion. Gross profit expanded by 125 basis points to 34.4%. Net earnings rose 12.6% to $134 million, per a company press release.
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