(This Jan. 15 story corrects to fix Nordstrom’s full-year adjusted profit forecast)
(Reuters) - Nordstrom Inc (JWN.N) said on Tuesday comparable store sales at its full-price department stores rose only 0.3 percent during the crucial months of November and December, blaming lower traffic.
The department store operator said year-to-date sales at full-price stores were below its expectation and included higher discounts taken during the holiday season and steps to adjust its inventory.
In contrast, Nordstrom said comparable sales at its off-price stores rose 3.9 percent during the nine-week ended Jan.5, while online sales jumped 18 percent during the period.
Nordstrom also said it expects full-year adjusted profit to be around the low end of a prior forecast range of $3.55 to $3.65 per share.
Shares of Nordstrom, which will report results Feb. 28 after markets close, were down 3 percent in light volumes in trading after the bell.
Reporting by Soundarya J in Bengaluru; Editing by Maju Samuel and Sriraj Kalluvila