View Post

Nordstrom Rack to Open in Memphis

In Reports, What's New by Accessories Staff

Seattle-based Nordstrom, Inc. announced plans to open a Nordstrom Rack at Poplar Commons in Memphis, Tenn. The approximately 33,000 square-foot store is scheduled to open in the fall of 2017 and will replace an existing Sears building. Nordstrom has been rapidly expanding its off-price business and actually has 194 Nordstrom …

View Post

Nordstrom Q1 Hits Chill, Misses Forecasts

In Reports, What's New by Jeff Prine

Seattle—Shares of Nordstrom dropped Thursday after the retailer reported weaker-than-expected first quarter earnings due to cold weather that hurt sales early in the quarter. For the quarter ended May 4, the high-end retailer posted a 2.7% decline in profit to $145 million, or 73 cents a share, compared to $149 …