Nordstrom Rack’s Herald Square store in New York City. Getty.
Nordstrom Inc beat quarterly revenue estimates on Tuesday, as the rollout of Covid-19 vaccines and fresh government stimulus checks boosted traffic at department stores.
Total revenue rose to $3.01 billion in the first quarter ended May 1 from $2.12 billion a year earlier, beating analysts’ average estimate of $2.90 billion.
By Uday Sampath; Editor: Shinjini Ganguli