Nordstrom Rack news and archive

Nordstrom confirms improved sales trends in Q1

Nordstrom, Inc. reported a pre-tax loss of 85 million dollars and loss per diluted share of 1.05 dollars. Net sales for the quarter increased 44 percent compared to first quarter of fiscal 2020 and decreased 13 percent from the same period in fiscal 2019. “We are encouraged by sales trends both in our stores and our digital business, supported...

Business

Nordstrom sales fall by 20 percent in Q4

Nordstrom, Inc. reported earnings per diluted share for the fourth quarter of 21 cents, which reflected an income tax benefit related to the CARES Act. The company said, net sales decreased 20 percent, which improved sequentially by 600 basis points relative to the third quarter, after adjusting for a shift of the Nordstrom Anniversary Sale. “We...

Business

Nordstrom holiday sales drop by 22 percent

Nordstrom, Inc. has reported a net sales decline of approximately 22 percent for the nine-week holiday period ended January 2, 2021. The company said, combined November and December sales were in-line with its expectations for a decrease in the low-twenties percentage range for the fourth quarter. Sales trends increased sequentially by...

Retail

Nordstrom expands pickup service to Nordstrom Rack locations

Nordstrom is working to make shopping more convenient for its consumers through expanded pickup options. The retailer had already offered curbside pickup at its Nordstrom locations for online orders, and will now offer order pickup at Nordstrom Rack stores. Beginning later this month, shoppers will be able to opt for store pickup at Nordstrom...