USA: Nordstrom Q3 Profit Jumps 75 Per Cent
Strong sales generated by a better merchandise mix and by tailoring stores to regional interests have boosted Nordstrom Inc's third-quarter profit by 75 per cent. But the clothing retailer said profits would have been even better had it not been for increased distribution centre expenses and costs associated with a new inventory management system which alters the timing for recording merchandise markdowns.
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