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.
Discount and dollar store growth has created a new category for retail competition, placing a bigger emphasis on price and convenience than ever before.
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.
