Friday, November 11, 2016

Nordstrom’s 3Q results add more cheer to retail picture

A vehicle pulls in to a parking spot outside the Nordstrom’s department store in Lone Tree, Colo. (David Zalubowski / The Associated Press, file)Nordstrom continued a day of relatively heartening news for department stores Thursday as the upscale retailer reported adjusted earnings and sales that beat Wall Street estimates, even as it took a substantial write-down for an online company it bought just two years ago.

The results for the period ended Oct. 29 marked the second consecutive quarter of better-than-expected results, after several quarters of misses amid an overall retail plunge.. . . more

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