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Ross Dress for Less expanding in Florida, with four new stores
Dublin, Calif. -- Ross Dress for Less will open four new locations in Florida on March 8, adding to its existing store base of more than 130 locations in the Sunshine State. New locations include the Coral Ridge Mall in Fort Lauderdale, Seabridge Square in St. Augustine, Lake Mary Centre in Lake Mary, and Southchase Village in Orlando.
Together, Ross Dress for Less and DD’s Discounts currently operate approximately 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam. -
Nordstrom’s net income slips in Q4; plans 31 new stores
Seattle – Holiday markdowns and costs associated with growing its Nordstrom Rack outlet brand and planned entry into Canada had a negative impact on net earnings at Nordstrom Inc. during fourth quarter 2013. Fourth quarter net earnings slipped 6% compared to the same quarter the prior year, to $268 million from $284 million.
Net earnings for the full fiscal year remained almost flat, slightly rising to $735 million from $734 million. Both earnings figures fell short of Wall Street expectations.