Friday, August 12, 2016

Nordstrom feeling bullish

Nordstrom Inc. on Thursday reported second quarter earnings that exceeded Wall Street estimates, and also lifted its full-year earnings outlook.
 
Same-store sales fell 1.2%, which was less than expected.
 
The company’s off-price division turned in a strong performance. Nordstrom Rack’s sales (online and store) surged 11.2% over last year. Same-store sales increased 5.3%.. . . more

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