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Department store retailer exiting downtown San Diego
Nordstrom plans to shutter its location at Horton Plaza, in downtown San Diego. The store, which opened in 1985, will remain open through August 26, 2016. "These are always tough decisions to make, but in taking a look at the store's performance and our business needs into the future, we believe this is the best direction to take," said Jamie Nordstrom, president of stores for Nordstrom. "We look forward to serving our loyal Horton Plaza customers at our other San Diego stores.” -
No end in sight for The Finish Line
Sports apparel retailer The Finish Line topped Street estimates for its first quarter, turning in a solid performance in a challenging retail environment. The company reported net income of $9.63 million for the period ended May 28, down 29.9% from $13.73 million in the year-ago quarter, amid higher costs. Net sales rose 2.28% to $453.52 million, higher than expected, from $443.39 million in the same quarter last year. Same-store sales increased 1.5%.
