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Nordstrom Q2 income up, but cuts forecast on soft sales
Seattle -- Nordstrom said its net income for the fiscal second quarter, ended Aug. 3, rose to $184 million from $156 million in the year-ago period. But the department store retailer cut its yearly forecast, citing softer-than-anticipated sales trends.
Nordstrom said revenue rose 6.4% % to $3.1 billion, short of the $3.29 billion Wall Street expected. Total company same-store sales increased 4.4%.
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Crazy 8 signs into Alameda South Shore Center
Alameda, Calif. — Crazy 8 has signed a 10-year lease for a 3,117-sq.-ft. space at the Alameda South Shore Center in Alameda, Calif. The deal will bring the 594,000 open-air lifestyle center up to an occupancy rate of 92%. The new store is slated to open this fall.
SRS Real Estate Partners represented Crazy 8 in the transaction. Cornish & Carey Commercial Newmark Knight Frank represented Jamestown, the shopping center’s owner.