Nordstrom Inc.’s profits jumped 17.9 percent in the second quarter with a boost from its Anniversary Sale, but overall revenues were weaker than expected for the quarter and the high-end retailer cut its earnings outlook for the year.
Nordstrom net profits jumped to $184 million, or 93 cents a diluted share, from $156 million, or 75 cents, a year earlier. The Anniversary Sale, which was held in the third quarter last year, added 6 cents to earnings per share.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"