Upscale U.S. retailer Nordstrom Inc reported a better-than-expected quarterly pr...
) reported a better-than-expected quarterly profit on Wednesday as it said it had cut costs and cleared more inventory, sending its shares up 10% in extended trading.
Nordstrom, like other brick-and-mortar retailers, is seeking ways to respond to changing consumer habits, with more shoppers preferring fast fashion brands and online giants like Amazon.com Inc rather than malls. It has also worked on inventory management and is offering more on-trend product assortments as part of a turnaround plan to boost profit.
Analysts were expecting Nordstrom to report revenue of $3.93 billion and a profit of 75 cents for the quarter, according to IBES data from Refinitiv. Nordstrom forecast net sales for the year falling by about 2%, at the lower end of its previous estimate.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Home Depot beats quarterly profit estimates, warns of tariff impactHome Depot Inc beat quarterly profit estimates on Tuesday as it sold more big-ti...
Leer más »
Nordstrom shares jump 17% after it delivers strong profit, even as sales weaken in the second quarterNordstrom shares jump after it delivers strong profit, even as sales weaken in the second quarter
Leer más »
Selling your original melodic beats online can proffer $100K a year in your pocketYoung music producers around the world are turning to online beat-selling marketplaces as a new way to make money doing what they love. Airbit, one of these marketplaces, has helped producers earn more than $32 million on its platform alone, with some topping $100,000 every year.
Leer más »
The Best Way to Travel Is ColorfullyNordstrom’s collab with Herschel includes teddy-bear fleece fanny packs and backpacks
Leer más »
Target shares open at record after blowing out Wall Street estimates for the second quarterTarget shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.
Leer más »
Toll Brothers profit beat clouded by weakness in ordersToll Brothers Inc reported a better-than-expected quarterly profit on higher hom...
Leer más »