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Nordstrom meets expectations with flat profit, rising sales
Seattle -- Just two weeks after announcing its $350-million acquisition of men’s personalized clothing service Trunk Club, Nordstrom Inc. reported second-quarter earnings and sales in line with Wall Street projections.
Profit for the quarter was flat at $183 million, and sales climbed 6.2% to $3.3 billion, from $3.1 billion last year. Same-store sales rose a respectable 3.3%.
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Nine West Jeanswear Group becomes One Jeanswear Group
New York - Nine West Jeanswear Group Inc., formerly known as Jones Jeanswear Group, is changing its name to One Jeanswear Group Inc. This change is an additional step in giving the Jeanswear division a distinct identity as an independent operating company within Nine West Holdings, Inc., a portfolio company of Sycamore Partners.