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August 18, 2006
Nordstrom Reports Strong Q2
Nordstrom’s net income jumped 20% in the second quarter, thanks to a boost from its summer clearances and July anniversary sale.
The better chain reported income of nearly $179 million for the quarter ended July 31, on sales of $2.3 billion.
Men’s apparel, accessories and cosmetics performed particularly well, according to the retailer.
The second quarter results bode well for fall sales and should lead to rosy full-year results, it added.
Posted by Blacks on August 18, 2006 09:50 AM
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