Nordstrom Results Show Americans Are Hunting For Discounts

Nordstrom Rack, Nordstrom's off-price retailer, reported an 8.8% rise in sales in the most recent quarter. Shoshy Ciment/Business InsiderNordstrom Rack's net sales increased 8.8% in the most recent quarter as consumers turned to discounts.Discount retailers have seen growth as Americans cut back on spending.This slowdown has slammed some areas of the retail sector.Evidence is mounting that US shoppers are becoming more savvy about their purchases, and it looks like Nordstrom Rack is reaping the benefits.The discount outlet and sister brand of the Seattle-based luxury department store — Nordstrom — saw an 8.8% increase in net sales in the most recent quarter on Tuesday, following on from strong results in the quarter before.

BING NEWS:
  • Nordstrom results show Americans are hunting for discounts
    As shoppers have been cutting spending, Nordstrom Rack and other discount stores have reported sales increases.
    08/28/2024 - 10:26 pm | View Link
  • Nordstrom results show Americans are hunting for discounts
    These results come as Americans cut back on spending. From loyalty programs to deals and discounts, companies are finding ways to provide value for their customers. This slowdown has slammed much ...
    08/28/2024 - 10:25 pm | View Link
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