NEW YORK — Three retail heavyweights — Target Corp., J.C. Penney and Nordstrom — weighed in with higher fourth-quarter earnings on Thursday.
However, all three demonstrated, in varying degrees, how inventory and expense discipline was critical to pumping up the bottom line. Target’s earnings advanced despite a decline in fourth-quarter comparable-store sales and Penney’s more than doubled despite a virtually flat sales performance. At Nordstrom, which filed its final number of the 2002-2003 fiscal year after the close of the market, net income leaped 18.3 percent despite a far more modest increase in sales of 7.3 percent.
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?"