Sponsors
Billabong ▲ +0.015 | PPR ▲ +0.60 | American Apparel ▼ -0.001 | The Buckle ▲ +0.19 | Columbia ▲ +8.90 | Deckers Outdoor ▲ +1.33 | Dicks ▲ +0.58 | Foot Locker ▲ +0.26 | Genesco ▲ +0.44 | Iconix Brand Group ▲ +0.02 | Jarden Corp ▼ -0.37 | Nordstrom ▼ -0.03 | Luxottica ▼ -0.19 | Nike ▲ +0.24 | Pacific Sunwear ▼ -0.039 | Skullcandy ▲ +0.08 | Sport Chalet - 0 | Urban Outfitters ▼ -0.38 | VF Corp ▲ +0.43 | Quiksilver ▼ -0.025 | Zumiez ▼ -0.41 | Macys ▼ -0.28 | Tillys ▲ +0.01 |
Ticker Sponsor
Professional Services
Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

More Professional Services...
Readers Say
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
In touch with our business
In touch with our business

If you're not plugged into Shop-Eat-Surf.com daily, you're out of touch with our business!

- By Peter "PT" Townend, The ActivEmpire
Industry Insight

AGENDA: Pre-registration and lodging specials for Vegas show, Aug. 17-19.
SIA: Cooling down NYC with annual Summer Snowdown media event.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Nordstrom Q3 beats conservative plan

By Tiffany Montgomery
November 13, 2009 5:00 AM

Nordstrom, a department store customer of the action sports industry, yesterday reported improved results in the third quarter and raised its full year guidance.

Here’s a short summary of Nordstrom’s results. Click here to read a detailed report from the conference call.

Net sales: up 3.5 % to $1.9 billion

Net income: up 16.9% to $83 million

Same-store sales: down 1.2%

Full-price Nordstrom same-store sales: down 4.2%

Rack same-store sales: up 3%

Online sales: up 16.4%

Strong categories: fashion jewelry, women’s better apparel, shoes.

Cash: $484 million

Long-term debt: $2.2 billion

Updated guidance for full year results

 

Same-store sales: down 6% to 7%

Gross profit: up 10 to 20 basis points

Earnings per share: $1.83 to $1.88 vs. $1.50 to $1.65 previous forecast.

 

 


More on: Nordstrom, sales

Articles You Might Have Missed