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Nordstrom continues to struggle in July
By TIFFANY MONTGOMERY
August 07, 2008 06:47 AM
August 07, 2008 06:47 AM
Same-store sales at Nordstrom declined 6.1 percent in July which was consistent with its outlook, the company said.
Nordstrom's anniversary sale on fall goods led to a "small improvement over recent trends," the company said in its recorded sales message.
Full-priced Nordstrom stores are suffering the most, with same-store sales down 9.1 percent in July. At Nordstrom Rack, same-store sales rose 6.4 percent.
Strongest categories: Designer goods, cosmetics and accessories.
Strongest regions: Northwest, Southern states, Midwest
Full-priced stores
Q2 same-store sales: down 9 percent
YTD same-store sales: down 9.1 percent
Nordstrom Rack
Q2 same-store sales: up 6.3 percent
YTD same-stores sales: up 5.4 percent
Nordstrom operates 105 full-priced stores and 50 Nordstrom Rack stores.
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