Going Against the Grain: Nordstrom Execs Upbeat After 22% Net Increase
Bucking both the downcast mood at retail and a hammering across-the-board on Wall Street, Nordstrom Inc. delivered robust third-quarter earnings on strong sales Monday.
From This Issue
With transport strikes grinding traffic to a halt in France, credit worries among shoppers in the U.K. and general malaise across the Continent, there are plenty of reasons to worry that the Grinch may steal the Christmas shopping season in Europe.
Speculation surrounding a possible takeover of Groupe Clarins by PPR percolated again, causing Clarins’ stock to close up 8 percent to 64.71 euros, or $94.86 at current exchange, on the Bourse here Monday.