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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)