https://wwd.com/business-news/retail/nordstrom-rack-growth-lori-marten-1236303807/The Rack off-price division is a priority growth vehicle for Nordstrom Inc. and planning 22 store openings this year on top of the 19
KeyBanc Capital Markets analysts presented proprietary credit/debit card spending trends across Consumer/Retail and Internet Retail sectors.
Consumer/Retail: Analyst Bradley Thomas said this week’s data through December 24th shows indexed spending for the 'All Retail' category increasing 18.4% y/y.
Nordstrom Inc (NYSE: JWN) shares are trading higher by 5% to $17.16 Monday afternoon. Nordstrom stock might be rising due to its connection to Macy's Inc.,