Sponsors
Billabong ▲ +0.015 | PPR ▼ 0.00 | American Apparel ▼ -0.020 | The Buckle ▲ +0.55 | Columbia ▲ +0.09 | Deckers Outdoor ▲ +1.29 | Dicks ▲ +0.96 | Foot Locker ▲ +0.90 | Genesco ▲ +0.90 | Iconix Brand Group ▲ +0.85 | Jarden Corp ▲ +0.70 | Nordstrom ▲ +1.08 | Luxottica ▲ +0.07 | Nike ▲ +1.72 | Pacific Sunwear ▼ -0.06 | Skullcandy ▲ +0.08 | Sport Chalet - 0 | Urban Outfitters ▲ +0.57 | VF Corp ▲ +0.20 | Quiksilver ▼ -0.01 | Zumiez ▲ +0.15 | Macys ▲ +0.86 | Tillys ▼ -0.01 |
Readers Say
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
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

4 reasons for B2B companies to embrace ecomm from NuORDER. Invitation to PROCOPIO's Labor and Employment Law seminar.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Juniors bounces back at Nordstrom in Q2

By Tiffany Montgomery
August 15, 2008 6:00 AM

I pulled out a few things of note from the Nordstrom second quarter earnings conference call yesterday.


- Women's apparel has been the toughest category but the company is seeing some strength in contemporary and juniors.


- Premium denim is still doing well and swim did a little better this summer than last summer.


- The men's business has become challenging in the last month or so, especially in clothing and furnishings.


- Nordstrom customers are spending less but not trading down, the company said.


- Total sales fell 4.3 percent while same-store sales fell 6 percent for full priced and Rack stores combined. Net income fell 21 percent. The toughest pieces of the business are California and women's apparel.


- The company expects third quarter same-store sales to be down 4 to 6 percent.


- Increased markdowns are hurting margins.


- The company lowered its profit outlook for the year. Earnings per share are now expected to be in the range of $2.55 to $2.65, down from $2.65 to $2.80.


Articles You Might Have Missed