Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.45 | American Apparel ▼ -0.006 | The Buckle ▼ -0.83 | Columbia ▼ -0.31 | Deckers Outdoor ▼ -1.45 | Dicks ▼ -0.52 | Foot Locker ▲ +0.04 | Genesco ▼ -0.67 | Iconix Brand Group ▲ +0.15 | Jarden Corp ▲ +0.10 | Nordstrom ▼ -0.62 | Luxottica ▼ -0.63 | Nike ▲ +0.93 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ -0.20 | Sport Chalet ▲ +0.04 | Urban Outfitters ▼ -0.64 | VF Corp ▼ -0.28 | Quiksilver ▲ +0.07 | Zumiez ▼ -0.31 | Macys ▼ -1.83 | Tillys ▲ +0.01 |
Ticker Sponsor
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
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
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