by Mike Duff | Nov 27, 2023 | Retail Articles
Nordstrom beat a Wall Street estimate on earnings in the third quarter while falling short on revenue as the retailer winds down Canadian operations and deals with softer consumer spending. Net earnings were $67 million, or 41 cents per diluted share, versus a loss of...
by Mike Duff | Aug 28, 2023 | Retail Articles
As it winds down its Canadian operations, Nordstrom managed a big earnings beat and a smaller one on revenues. Net earnings were $137 million, or 84 cents per diluted share, versus $126 million, or 77 cents per diluted share, in the year-before quarter, the company...
by Mike Duff | Jun 5, 2023 | Retail Articles
Nordstrom performed better in its first quarter than Wall Street expected despite lower sales at full-line department stores and its off-price Rack operation. Net loss was $205 million, or $1.27 per diluted share, versus net earnings of $20 million, or 13 cents per...
by Mike Duff | Dec 22, 2022 | Retail Articles
Nordstrom keeps on rolling out Racks, announcing three new Nordstrom Rack stores in November and three more in December. As part of the off-price concept’s expansion, Nordstrom revealed plans to open a 30,000 square foot Rack in Aurora, CO., a 25,000 square foot...
by Mike Duff | Sep 16, 2022 | Retail Articles
As it continues to expand its bricks and mortar off-price store portfolio, Nordstrom has announced plans to open three of its Rack stores during the fall of 2023 all located in the Pacific Northwest. The new stores will operate in Union Gap and Olympia, WA, and Salem,...
