USA: Nordstrom Q2 Profit Surges To $45m
Leading fashion chain Nordstrom Inc on Thursday announced an 18 per cent climb in second quarter net profit to $45.4 million from $38.7m in 2001 on the back of a seven per cent climb in sales to $1.66 billion.
The Seattle-based company said same-store sales for the period grew 2.1 per cent with better merchandising and improved inventory management helping to boost results.
It added it expects third quarter EPS to double to 16 cents a share while for the full-year it sees EPS in the range of $1.20-$1.24 excluding impairment and other charges.
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