Nordstrom reported a better-than-expected fourth quarter, helped by surging sales at its off-price Nordstrom Rack banner, called “the growth engine” of the company.
Ross Stores easily topped expectations for its fourth quarter, but warned that housing, food and gasoline costs continue to put pressure on its customers.
Target Corp. reported fourth-quarter sales and earnings above Street expectations amid lower markdowns and improved in-stocks, but warned of sluggish sales for the current year.