Nordstrom Inc. reported better-then-expected top and bottom line results for its third quarter, fueled by increased sales across its regular and off-price Nordstrom Rack stores.
Skims, the $4 billion shapewear and apparel brand co-founded by reality TV superstar and entrepreneur Kim Kardashian, is making its long-awaited push into physical retail.
Nordstrom reported a mixed first quarter with a wider than expected loss but sales that topped estimates, driven by a strong performance from the the company's outlet division, Nordstrom Rack.