Nordstrom Raises Earnings and Revenue Forecasts

The transcript discusses a new $500 million buyback program and highlights a significant increase in first-quarter net sales. It examines consumer spending trends, particularly in department stores like Nordstrom and Macy's, compared to single-brand stores. Nordstrom's strategy to manage supply chain challenges and cater to both high-end and off-price consumers is explored. The transcript also compares inventory levels and performance between Nordstrom and Urban Outfitters, noting a divergence in their after-hours stock performance.

What was the estimated increase in first-quarter net sales before the actual results were announced?

• 19%

• 15%

• 9%

• 5%

Which type of customer does the company primarily cater to?

• Online shoppers

• Higher-end customers

• Middle-class customers

• Budget-conscious customers

What was the percentage increase in ending inventory compared to fiscal 2021?

• 19%

• 23.7%

• 18.7%

• 24%

Which retailer is mentioned as having a strong digital platform and store fleet to meet consumer demand?

• Target

• Urban Outfitters

• Walmart

• Nordstrom

How did Urban Outfitters' performance compare to Nordstrom's in the after-hours trading?

• Urban Outfitters was up, Nordstrom was down

• Nordstrom was up, Urban Outfitters was down

• Both were down

• Both were up