Nordstrom Inc posted a surprise first-quarter profit on Wednesday as better inventory control and demand from wealthy shoppers helped the company defy an inflation-driven slump in retail spending, sending its shares up 7% after hours.
May 31 - Nordstrom Inc
The upmarket department store chain's decision to stock up on popular national brands at its off-price banner Rack was also paying off, driving a recovery after months of outdated inventories and product shortages. "The high-end customer pretty resilient, but they're also cautious," CEO Erik Nordstrom said on a post-earnings call, adding that higher spending per trip was helping offset weak traffic.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Blue Jays vs. Brewers prediction: Bet on Alek Manoah bouncing backStitches predicts Wednesday’s contest between the Blue Jays and the Brewers on Wednesday night.
Leer más »
Nordstrom tops Wall Street's first-quarter sales expectations, even as shoppers spend lessThe high-end department store reaffirmed its full-year outlook and posted a surprise profit on an adjusted basis.
Leer más »
‘Alice In Borderland’ Director Shinsuke Sato Teams With Sony’s Aniplex Inc To Launch Myriagon StudioSony Music Entertainment (Japan) subsidiary Aniplex Inc has acquired Origamix Partners Inc, the management company of Alice In Borderland director Shinsuke Sato, and will relaunch the company unde…
Leer más »
Nordstrom rallies on earnings, but wind-down of Canadian operations weigh on salesShares of Nordstrom ran higher after hours on Wednesday after the upscale department-store chain reported better-than-expected first-quarter results.
Leer más »
The Union’s game Wednesday vs. Charlotte is free on Apple TVThe familiar Apple crew of Steve Cangialosi and former Union TV analyst Danny Higginbotham will have the call on the English broadcast.
Leer más »
Seattle Amazon workers planning noon walkout Wednesday“Morale feels like it’s at an all-time low,” said an Amazon employee planning to participate, who spoke on the condition of anonymity to protect their job.
Leer más »