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Nordstrom Q2 profit soars 20%
Seattle -- Nordstrom reported Thursday that net income for its second quarter rose 20% to $175 million, compared with $146 million in the year earlier period.
Revenue surged 12.4% to $2.72 billion, benefited by strong promotions and matching Wall Street estimates. Same-store sales rose a solid 7.3%. The department store retailer has raised its profit outlook for the full year.
Its outlet concept Nordstrom Rack saw net sales increase 23.4% to $92 million, and same-store sales rose 4.8%.
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Finish Line releases mobile app for Apple and Android
Indianapolis -- Shoe retailer Finish Line said Thursday it has released an e-commerce enabled app for Apple and Android that provides geo-targeted store location and real-time inventory functions.
Based on the location of the user, the free app provides detailed store location information including address, phone number and driving directions. Once a store is selected, users have real-time visibility to the specific inventory of that store, effectively giving them remote access to view what’s on the sales floor and in the back room.