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Nordstrom sticks to full-year revenue forecast as competition heats up 05/25/2021 20:23 (Reuters) -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. 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.

Shinjini ganguliUday sampathKohl corpMacy incNordstrom inc onNordstrom incRefinitiv eikonஷின்ஜினி கங்குலிஊடாய் சம்பத்கோல் கார்ப்மேஸீ இன்க்நார்ட்ஸ்ட்‌ரம் இன்க் ஆன்நார்ட்ஸ்ட்‌ரம் இன்க்