Upscale apparel and shoe retailer Nordstrom Inc has reported a 71 per cent hike in third-quarter income on improvements in its merchandise and costs.

Third-quarter earnings were $77.8 million, or 54 cents a share, on sales of $1.5 billion. This compares to earnings of $45.5m, or 33 cents a share, and sales of $1.4bn last year. Same-store sales rose 8.1 per cent for the quarter.

Nordstrom expects fourth-quarter earnings of 90 cents to 95 cents a share, compared with 74 cents a share last year.

In the nine months ended 3 October, the company earned $253.5m, or $1.77 a share, and revenue of $5bn. In the same period last year, it made earnings of $138.5m, or $1.01 a share, on revenue of $4.54bn.