2024-06-09 12:33:36 ET
Summary
- Nordstrom's off-price business, Rack, has outperformed the rest of the company, leading to mixed views on its future growth.
- Rack's sales growth has been driven by consumers returning to the business, attracted by improved merchandise and store experience.
- However, the growth in Rack may put pressure on margins, and the company's high debt levels and operational challenges remain concerns.
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Nordstrom: Promising Sales Growth, But Margin Pressures Remain A Challenge