S&P Lowers Outlook on Nordstrom (JWN) to Negative Following Q2 Results; Ratings Affirmed
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Nordstrom Second Quarter 2016 Earnings Exceeded Expectations
August 11, 2016 4:05 PM EDTResults Reflected Strong Anniversary Sale, Inventory and Expense Execution
SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported earnings per diluted share of $0.67 for the second quarter ended July 30, 2016, which exceeded Company expectations.
The Company's Anniversary Sale, historically its largest event of the year, performed better than recent trends. This event started one week later in July relative to last year, shifting one week of the event into the third quarter. Total Company net sales decreased 0.2 percent and comparable sales decreased 1.2 percent, compared with the same period last... More
Canadian Retailer Expands to the U.S. Market
August 11, 2016 6:01 AM EDTMONTREAL, QUEBEC -- (Marketwired) -- 08/11/16 -- Penningtons, Canada's long-standing #1 plus-size fashion destination is set to take on the American market this month. Three of the leading U.S. retailers, Macy's, Nordstrom and Lord & Taylor have all signed on to carry the brand's new plus-size women's line, mblm by Tess Holliday; a brand created by Penningtons in collaboration with celebrity blogger and plus-size model Tess Holliday.
Penningtons created the mblm brand in 2013 in an effort to provide the plus-size woman with younger, edgier fashion options designed to fit her curves. As advocates for body diversity, the Canadian... More
