Reports Q4 revenue $4.32B, consensus $4.34B. For the fourth quarter ended January 28, net sales decreased 4.1% versus the same period in fiscal 2021 and gross merchandise value, or "GMV," decreased 4.2%. Nordstrom banner net sales decreased 2.4% and GMV decreased 2.5% compared with the fourth quarter of 2021. Net sales for Nordstrom Rack decreased 8.1%.
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