All Nordstrom articles – Page 2
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News
Nordstrom posts net profit increase
Department store group Nordstrom posted a 1.7% increase in net profit to $236m (£147m) for its fourth quarter ended January 28. Net sales rose 12.5% to $3.17bin (£1.97bn) and rose 7.1% on a like-for-like basis. Online sales soared 35% during the quarter.Top-performing categories included handbags, designer and cosmetics. For the ...
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News
Nordstrom to invest £229m in technology
Nordstrom will spend $375m (£229m) or 15% of its planned capital expenditure on improving its technology up to 2016. The money will be primarily used for ecommerce. Chief financial officer Michael Koppel said: “Unlike investments in store expansion, investments to improve ecommerce tend to impact the profit and loss numbers ...
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News
Nordstrom Q2 earnings rocket 38.6%
Department store chain Nordstrom has reported that its net earnings in the second quarter rocketed 38.6% to $146m (£93.5m). Sales rose 12.7% to $2.42bn (£1.55bn) while like-for-likes increased 8.4%.Multichannel like-for-likes were up 9.9%. Meanwhile, like-for-likes rose 8.2% at full-line stores and 34.1% in Nordstrom’s Direct channel. Nordstrom Rack reported a ...
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Nordstrom like-for-likes up 12% in Q1
Nordstrom has reported that net income rose 43.8% to $116m (£80.5m) for the first quarter ended May 1. Total sales rose 16.7% to $1.99bn (£1.38bn) while like-for-likes were up 12%. Multichannel like-for-likes increased 13.7% while full-line like-for-likes rose 11.7% and direct sales were up 38.7%. Nordstrom Rack like-for-likes rose 1.9%.Nordstrom ...
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NewsNordstrom woos UK shoppers with web access
US luxury department store operator Nordstrom has opened up its website to UK shoppers.
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News
Nordstrom gets scientific with sizing distributions
US department store retailer Nordstrom is to introduce an Oracle Retail application to improve the size distribution of clothing in its stores.
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News
Nordstrom prepares to make New York debut
Upmarket US department store chain Nordstrom is reported to be in talks to open its first shop in New York. The Seattle-based retailer, which generated US$8.6 billion ( 4.3 billion) in sales last year and operates 155 stores in 27 states, is believed to be in negotiations for a unit ...
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News
King: I'll create British Nordstrom
House of Fraser chief reveals ambitions for department store group
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