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.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)