Nordstrom same-store sales beat estimates
Conservative author Kristin Tate, Fox News contributor Liz Peek and CivicForumPAC Chairman Ford O’ Connell discuss the better than expected retail sales in July.
Nordstrom Inc reported better-than-expected quarterly same-store sales growth on Thursday, as more people shopped at the apparel retailer’s online stores.
The Seattle-based upscale clothing and accessories retailer said net income rose to $162 million, or 95 cents per share, in the second quarter ended Aug. 4, from $110 million, or 65 cents per share, a year earlier.
Same-stores sales rose 4 percent, beating the average analyst estimate of a rise of 0.81 percent, according to Thomson Reuters I/B/E/S.
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Net sales rose about 7.1 percent to $3.98 billion.
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