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....
- Supply chain takeaways from Sourcing at MAGIC
- Why voters don’t want more global supply chains
- Cotton supply chain transparency an ongoing issue
- No simple way to be sustainable, says SAC CEO
- Denim and athleisure top picks for back-to-school
- H&M takes action over Myanmar child labour breach
- Vietnam garment industry calls for strategy update
- US Q2 in brief - Sears, Burlington, Tilly's
- Zara USA faces US$5m deceptive pricing lawsuit
- Li & Fung eyes supply chain speed in 3-year plan
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Myanmar's Garment Sector in 2015 - now with updated members' directory