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Nordstrom Q2 Revenue Rises on Boost From Sales Event, Shares Surge

The upmarket department store chain also slightly revised its annual comparable sales forecast, raising the lower end to a range of flat to 2 percent growth.
The Nordstrom family is reportedly mulling taking its namesake department store chain private.
Nordstrom’s shares have declined approximately 3 percent over the past month. (Shutterstock)
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Nordstrom reported a better-than-expected growth in second-quarter sales on Tuesday, buoyed by its crucial Anniversary Sale event, even as consumers remain cautious amid inflationary pressures, sending its shares up 11 percent in extended trading.

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