Retail Roundup: Nordstrom
This morning, Nordstrom (JWN) continued its wicked ways by reporting same-store sales rose 9.8%. The company said demand for women's, men's and children's apparel in October was very strong. Analysts had expected October's same-store sales to cool down to 6% after a scorching back-to-school season. But Nordstrom wasn't having any of that. If you recall, same-store sales in August rose 21% and 4.5% in September. Although August sales were pushed higher by the timing of its annual anniversary sale, Nordstrom's keeps finding ways to win. Same-store sales for the entire third quarter rose 10.7% and total sales rose 13.8% to $2.71 billion.
Year to date, same-store sales are up 7.7% and total sales rose 11.4% to $8.17 billion. ...282 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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