Department store operator Nordstrom Inc. (NYSE: JWN) said Thursday that November sales in stores open at least a year rose 2.2 percent, meeting analyst expectations, according to Associated Press.
Total sales for the four weeks ended Nov. 29 rose 5.9 percent to $749 million from $707 million a year ago.
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Sales at stores open at least a year are a key measure of retailer performance because they measure growth at existing stores rather than from newly opened ones.
Year to date, sales in stores open at least one year fell 7.2 percent while total sales fell 3.1 percent to $6.68 billion.
In afternoon trading, Nordstrom shares rose 78 cents to $35.50.
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