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Nordstrom Rack continue to experience positive performance
14 May '10
4 min read
• Earnings before interest and taxes increased to $219 million, or 10.5 percent of total revenues, from $146 million, or 8.1 percent of total revenues, in last year's first quarter.
Expansion Update
On May 7, 2010, Nordstrom relocated a full-line store in Los Cerritos Center in Cerritos, California which replaced a store built in 1981. On May 11, 2010, Nordstrom opened a Nordstrom Rack store at One Union Square South in Manhattan, New York.
Fiscal Year 2010 Outlook
Based on first quarter performance, Nordstrom is revising its outlook for the 2010 year. For the 2010 fiscal year, Nordstrom expects earnings per diluted share in the range of $2.50 to $2.65, increased from the previous range of $2.35 to $2.55.
Expansion Update
On May 7, 2010, Nordstrom relocated a full-line store in Los Cerritos Center in Cerritos, California which replaced a store built in 1981. On May 11, 2010, Nordstrom opened a Nordstrom Rack store at One Union Square South in Manhattan, New York.
Fiscal Year 2010 Outlook
Based on first quarter performance, Nordstrom is revising its outlook for the 2010 year. For the 2010 fiscal year, Nordstrom expects earnings per diluted share in the range of $2.50 to $2.65, increased from the previous range of $2.35 to $2.55.
Nordstrom Inc
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