US: Men’s wear drives Nordstrom Q3 profit
- Q3 net profit up 15% to US$146m
- Net sales up 13.8% to $2.71bn
- Same store sales up 10.7%
Growth in men’s shoes, men’s apparel and children’s apparel helped clothing retailer Nordstrom to post double-digit increases in third quarter earnings and revenue.
Sales for the company’s full-line and direct businesses increased 11.5% in the three months to 27 October, with same store sales rising 11.2%.
Nordstrom said the Midwest and Northwest regions were its best performers geographically, while direct sales increased 38% in the period.
Meanwhile, Nordstrom Rack posted net sales up 16.3% and same store sales up 8.1%.
The following is a general roundup of US apparel and shoe retailers' January 2013 sales results....
Specialty clothing retailer The Wet Seal has named former Bebe Stores executive Tamara Chamberlain as its new vice president and general merchandise manager of the Arden B division....
- TPP trade pact in milestone signing by 12 nations
- Cheap polyester contributes to cotton import shift
- US apparel retailers' January 2016 sales roundup
- Combating the new normal – 10 trends for 2016
- Under Armour defends questions over strategy
- Bangladesh factory fire renews worker safety fears
- China factory activity continues to deteriorate
- Southeast Asia – a strategic sourcing review
- H&M and Primark price rivalry reaches equilibrium
- PVH to take control of Tommy Hilfiger China unit
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Wearable technology: The future market potential for smart garments and e-textiles
- Global market review of denim and jeanswear – forecasts to 2021
- Wearable Technology Market by Product, Application, Type, & Geography - Global Forecast to 2020
- E-Textiles: Electronic Textiles 2014-2024