Online helps Nordstrom in a tough quarter for its stores
May 12, 2017
Comp sales at Nordstrom’s full-price stores were down 6.4 percent in the first quarter while its Rack business was off 0.9 percent. The retailer’s Nordstrom.com site saw sales improve 10.9 percent while Nordstromrack.com/HauteLook jumped 19.1 percent. Overall, Nordstrom’s sales met Wall Street’s expectations while its earnings of 37 cents per share exceeded the 27 cents per share forecast by analysts.
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