Nordstrom’s earnings exceeded analysts’ expectations last week, and the company subsequently raised the lower end of its full-year profit guidance, in contrast to forecast cuts in profits
for other department store retailers, including Macy’s Inc. and Kohl’s Corp. “The retailer said its enhanced loyalty program, The Nordy Club, grew 13% in the quarter to more
than 12 million active customers, and accounted for nearly 65% of sales for the third quarter,” according to
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