Nordstrom Inc. on Monday reported that third-quarter profits spiked 43.4 percent and updated its outlook for fiscal 2010.
For the three months ended Oct. 30, income was $119 million, or 53 cents a diluted share, from $83 million, or 38 cents, in the same quarter a year ago. EPS beat analysts’ consensus estimates by 1 cent. Sales rose 11.7 percent to $2.09 billion from $1.87 billion. Including credit card revenues, total revenues for the third quarter increased 11.2 percent to $2.18 billion from $1.96 billion.
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)