What: a net sales decline for the nine-week holiday period ended January 2, 2021, compared with the nine weeks ended January 4, 2020.

Why it is important: Sales decline 22% year-on-year, while digital sales grew 23%

Combined November and December sales were aligned with the company’s expectations for a decrease in the fourth quarter. As a result of its holiday performance, Nordstrom continues to expect to deliver positive earnings before interest and taxes (EBIT) and operating cash flow for the fourth quarter. The company’s full-year 2020 financial results should be released on March 2, 2021.

Nordstrom Reports Holiday Sales