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May 19, 2006
Nordstrom Reins In Expenses, Reaps Profit
Nordstrom’s first-quarter profits soared nearly 26 percent on a revenue gain of 8 percent.
The high-end chain attributed the gains to belt-tightening and improved inventory management. Sales of men’s apparel also helped boost its performance.
Income for the quarter ended April 29 came in at $131 million, or 48 cents a share.
Meanwhile, same store sales increased by 5.4 percent over the period.
Posted by Blacks on May 19, 2006 08:53 AM
