Small-store strategies have proven popular with a number of major retailers. Macy’s, for one, has been particularly adamant about the importance of limited size and limited assortment in full-priced stores, seeing the opportunity to draw new customers to locations...
Nordstrom beat a Wall Street estimate on earnings in the third quarter while falling short on revenue as the retailer winds down Canadian operations and deals with softer consumer spending. Net earnings were $67 million, or 41 cents per diluted share, versus a loss of...
As it winds down its Canadian operations, Nordstrom managed a big earnings beat and a smaller one on revenues. Net earnings were $137 million, or 84 cents per diluted share, versus $126 million, or 77 cents per diluted share, in the year-before quarter, the company...
Nordstrom performed better in its first quarter than Wall Street expected despite lower sales at full-line department stores and its off-price Rack operation. Net loss was $205 million, or $1.27 per diluted share, versus net earnings of $20 million, or 13 cents per...
Nordstrom keeps on rolling out Racks, announcing three new Nordstrom Rack stores in November and three more in December. As part of the off-price concept’s expansion, Nordstrom revealed plans to open a 30,000 square foot Rack in Aurora, CO., a 25,000 square foot...
