Sponsors
Billabong ▼ 0.000 | PPR ▼ -0.05 | American Apparel ▼ -0.003 | The Buckle ▲ +0.01 | Columbia ▲ +1.83 | Deckers Outdoor ▼ -0.04 | Dicks ▲ +0.67 | Foot Locker ▲ +0.58 | Genesco ▲ +0.20 | Iconix Brand Group ▲ +0.21 | Jarden Corp ▲ +0.42 | Nordstrom ▲ +0.48 | Luxottica ▲ +1.00 | Nike ▲ +0.82 | Pacific Sunwear ▲ +0.07 | Skullcandy ▲ +0.34 | Sport Chalet ▼ -0.04 | Urban Outfitters ▲ +0.19 | VF Corp ▲ +0.96 | Quiksilver ▲ +0.05 | Zumiez ▲ +0.26 | Macys ▲ +1.08 | Tillys ▲ +0.05 |
Ticker Sponsor
Readers Say
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Details from Nordstrom’s Q3 conference call

Nordstrom at Irvine Spectrum
Nordstrom at Irvine Spectrum Center.
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