Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.45 | American Apparel ▲ +0.022 | The Buckle ▲ +0.25 | Columbia ▲ +1.06 | Deckers Outdoor ▲ +0.92 | Dicks ▲ +0.24 | Foot Locker ▲ +0.03 | Genesco ▲ +0.14 | Iconix Brand Group ▼ -0.08 | Jarden Corp ▼ -0.01 | Nordstrom ▼ -0.08 | Luxottica ▼ -0.14 | Nike ▼ -0.26 | Pacific Sunwear ▲ +0.03 | Skullcandy ▼ -0.02 | Sport Chalet ▼ 0.00 | Urban Outfitters ▼ -0.13 | VF Corp ▲ +0.75 | Quiksilver ▼ -0.07 | Zumiez ▼ -0.01 | Macys ▲ +0.29 | Tillys ▼ -0.01 |
Ticker Sponsor
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
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
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

Nordstrom Q3 beats conservative plan

Nordstrom Q3 beats
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