Nordstrom has raised its topline outlook after reporting better-than-expected holiday sales.

The company’s net sales and comparable sales for the nine-week holiday period ended January 4 rose 4.9 per cent and 5.8 per cent, respectively.

The Nordstrom banner saw sales growth of 3.7 per cent and comparable sales increase of 6.5 per cent. Nordstrom Rack’s net sales were up 7.4 per cent, and comparable sales were up 4.3 per cent.

“As a result of our efforts to remain competitive in the promotional environment and the strength of our offering, our holiday sales in November and December exceeded the expectations we shared during our most recent earnings call,” said CEO Erik Nordstrom.

The company has upgraded its full-year outlook, expecting revenue growth, including retail sales and credit card revenues, of 1.5 to 2.5 per cent. Comparable sales are forecast to be up 2.5 to 3.5 per cent.

The fourth quarter and FY24 financial results will be released after the close of the financial markets on March 4.

Last month, the Nordstrom family and El Puerto de Liverpool took the department store chain private for $6.25 billion.