Sponsors
Billabong ▼ -0.020 | PPR ▲ +1.35 | American Apparel ▼ -0.029 | The Buckle ▲ +0.01 | Columbia ▲ +0.06 | Deckers Outdoor ▲ +2.55 | Dicks ▲ +0.12 | Foot Locker ▲ +0.18 | Genesco ▼ -0.02 | Iconix Brand Group ▲ +0.01 | Jarden Corp ▲ +0.85 | Nordstrom ▲ +1.03 | Luxottica ▲ +1.64 | Nike ▲ +1.05 | Pacific Sunwear ▼ 0.00 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.06 | VF Corp ▲ +0.35 | Quiksilver ▲ +0.07 | Zumiez ▲ +0.81 | Macys ▲ +0.45 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
Industry Insight

FSG LAWYERS: On creative workspace office pros & cons. SDSI: 7 new companies accepted into the Springboard business mentoring program. AGENDA: Registration and travel planning now open for January and February trade shows.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Details from Nordstrom’s Q3 conference call

By Tiffany Montgomery
November 20, 2007 5:21 AM

Nordstrom is increasingly carrying surf and skate brands, so here are some interesting bits of information from the company's third quarter results

Financials

Same-store sales rose 2.2 percent


Adjusted earnings rose 7 percent to $145 million (excluding the sale of Facconable division)


Total sales rose 5.3 percent to $2 billion


Department, region report

Strong departments: designer, accessories and men's


Kids "solid"


Weak departments: Women's apparel at better price points


Best regions: South, Midwest, Northwest


Other notes

It cleared out excess inventory in women's during the quarter.


It has observed an uptick in credit card delinquencies but still below industry averages.


Nordstrom will open eight new full-line stores in 2008 and remodel another.


Guidance

Nordstrom lowered Q4 same-store sales guidance to flat, down from a 2 to 3 percent increase.


The company lowered guidance because it saw slower sales in August, September and October.


More on: Nordstrom, earnings, sales

Articles You Might Have Missed