Sponsors
Billabong ▼ -0.010 | PPR ▼ -2.20 | American Apparel ▼ -0.020 | The Buckle ▼ -0.85 | Columbia ▼ -1.34 | Deckers Outdoor ▲ +1.09 | Dicks ▼ -0.65 | Foot Locker ▼ -0.56 | Genesco ▼ -0.67 | Iconix Brand Group ▼ -1.22 | Jarden Corp ▲ +0.01 | Nordstrom ▲ +0.11 | Luxottica ▼ -0.58 | Nike ▼ -0.16 | Pacific Sunwear ▲ +0.07 | Skullcandy ▼ -0.12 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.13 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.46 | Tillys ▼ -0.14 |
Readers Say
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Industry Insight

CFA, WELLS FARGO: Invitation to next "Crystal Ball" breakfast session, "Private Label vs Branded Manufacturing."

STOKES ME: SIMA Humanitarian Fund campaign kicks off this week with "Add-A-Buck" promotions in 76 core-store doors.

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