Jewelry, Dresses and Women's Shoes perform well at Nordstrom

13 Aug '10

4 min read

• Earnings before interest and taxes increased to $272 million, or 10.8 percent of total revenues, from $206 million, or 9.3 percent of total revenues, in last year's second quarter. This represents an approximately 30 basis-point improvement compared with the first quarter of 2010.

Expansion Update
During the second quarter of 2010, Nordstrom opened a Nordstrom Rack store at One Union Square South in Manhattan, New York and relocated a full-line store in Los Cerritos Center in Cerritos, California, which replaced a store built in 1981.

During the third quarter of 2010, on October 28th, Nordstrom also plans to relocate a Nordstrom Rack store to Spokane Valley Plaza in Spokane Valley, Washington.

Fiscal Year 2010 Outlook
Based on second quarter performance, Nordstrom is maintaining its outlook for fiscal 2010 during which Nordstrom expects earnings per diluted share in the range of $2.50 to $2.65, while revising the outlook for credit card revenues, selling, general and administrative expenses and the effective tax rate.

Nordstrom Inc

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