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Fashion Jobs
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L'OREAL GROUP
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OLD NAVY
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NORDSTROM INC
Learning & Leadership Manager, Supply Chain - Hybrid
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NORDSTROM INC
Area Manager Warehouse Wcoc -Riverside, ca
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NORDSTROM INC
Assistant General Manager- Bazille- Woodlands Mall
Permanent · The Woodlands
By
Reuters
Published
May 25, 2021
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Nordstrom sticks to full-year revenue forecast as competition heats up

By
Reuters
Published
May 25, 2021

Nordstrom Inc on Tuesday maintained its full-year revenue forecast even as its rivals raised theirs, signaling stiff competition among department store chains to pull in customers loaded with their COVID-19 related stimulus checks.


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The retailer’s shares, which have gained 17% so far this year, fell 4% in extended trading.

After struggling with falling sales for a year due to the pandemic, department stores have seen shoppers return in the last few months. Macy’s Inc and Kohl’s Corp both handily beat first-quarter sales estimates and raised full-year forecasts.

Nordstrom, however, reiterated it full-year revenue forecast of an over 25% increase.

Total revenue rose to $3.01 billion in the first quarter ended May 1 from $2.12 billion a year earlier, beating analysts’ average estimate of $2.90 billion, according to Refinitiv Eikon data.

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