Nordstrom raised its full-year sales outlook following stronger-than-expected holiday sales. The company also raised its revenue growth projection but kept its profit forecast unchanged. The company attributed its success to competitive promotional strategies and a robust product offering. This update comes amid a planned buyout deal with its founding family and Mexican retailer El Puerto de Liverpool, expected to close in the first half of 2025. Shares closed 4% below their 52-week high on Friday.
