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November 20, 2007
Nordstrom Shakes Slowdown To Report Strong Q3
Shaking widespread worries over a retail slowdown, Nordstrom reported a 22% spike in third quarter profits to $166 million.
The company received a boost from its designer business and the $210 million sale of the Façonnable chain.
Although the current market has left the department store chain with an excess of women’s wear, the company is still confident it will have a strong fiscal year with same store sales increasing by 3% to 4%.
Posted by Blacks on November 20, 2007 09:55 AM
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