► News from other sources
► Industry Insight
► What our readers say...
Nordstrom Q3 beats conservative plan
November 13, 2009 05:00 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.
Articles you might have missed
▼ Industry Releases
- Go Skateboarding Day partners with Smithsonian
- GoldCoast Skateboards partners with Ultra Sport
- E.Land and K•Swiss acquire OTZ Shoes
- Freewaters announces new brand ambassadors
- Spy brand Q1 sales rise 14%
- Europe challenges hurt Puma Q1 profits, sales
- CCS presents Midwest Mayhem
- NRF: April retail sales rise 3.9% vs. last year
- SIA Releases August - March RetailTRAK™ data
- True Religion to be acquired for $835 million
- SES Pages
- Home
- About Us
- Archives
- Industry Insight
- Contact Us
- Sponsors
- SES Topics
- Executive Edition
- Videos
- Surf
- Skate
- Snow
- Executive Moves
- Financial news
- Retail
- SES Friends
- Fast Food Maven
- The Berrics
- Apparel News
- Malakye
- The Rookery
- SDSI
- groupY
- Surfing Heritage Found.
- SES Sponsors
- KNOW?SHOW
- Innovative Systems
- Swim Collective
- Turtle Bay Resort
- Displayit
- Moss Adams
- CIT
- Agenda Trade Show
