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Nordstrom sizzles, especially online
Seattle -- Finally some good news in the department store sector.
Nordstrom Inc. on Thursday reported better-than-expected fiscal second-quarter earnings and sales.
The retailer reported net profit of $211 million, or $1.09 a share, for the quarter ending Aug. 1, up from $183 million, or 95 cents a share, in the year-ago period.
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Nordstrom avoids the department store doldrums
In a week in which many of the nation's major department stores reported disappointing financial results, Nordstrom showed once again how to drive sales growth.
The Washington-based retailer reported that total sales rose 9.2% from the same quarter in 2014, while same store sales rose 4.9%. The company posted a profit of $211 million, or $1.09 a share, compared with $183 million, or 95 cents a share, a year earlier. Revenue, which includes revenue from its credit cards, rose 9% to $3.7 billion.

