Nordstrom continues to shine
The Seattle Times reported that Nordstrom surpassed its own forecasts, posting a profit of U$162 million, up about 46%, on U$4.07 billion in sales, up 7.3%. Comparable sales were 4% up. Executives attributed the performance to strength across the board for the last quarter. Most retailers would see this as an excellent result, but for a department store in 2018 we see it as truly remarkable.