US fashion retailer Nordstrom’s sales increase 18% between August and October

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Anniversary’s temporary sales lag in the third quarter (Q3) of fiscal 21 helped Nordstrom, a leading US-based fashion retailer, achieve a 17.7% jump in sales to $ 3.5 billion compared to $ 3.0 billion in the same period of the previous year. tax. Net income for the three-month period increased to $ 64 million (Q3 FY20: $ 53 million).

Anniversary’s temporary sales lag in the third quarter (Q3) of fiscal 21 helped Nordstrom, a leading US-based fashion retailer, achieve a 17.7% jump in sales to $ 3.5 billion compared to $ 3.0 billion in the same period of the previous year. tax. Net income for the three-month period increased to $ 64 million (Q3 FY20: $ 53 million).

“We have a long history of benefiting from a commitment to customer service, new and compelling products, innovative brand partnerships, and interconnected digital and physical assets. However, we must move faster to capitalize on these strengths and profitably increase our market share ”, Erik Nordstrom, CEO of Nordstrom, said in a press release.

Anniversary’s temporary sales lag in the third quarter (Q3) of fiscal 21 helped Nordstrom, a leading US-based fashion retailer, achieve a 17.7% jump in sales to $ 3.5 billion compared to $ 3.0 billion in the same period of the previous year. tax. Net income for the three-month period increased to $ 64 million (Q3 FY20: $ 53 million).

“We are taking steps to improve the performance of Nordstrom Rack, including optimizing inventory levels, better balancing prices and increasing brand awareness. Work is also underway to improve the merchandise margin across the company and ensure that we have the visibility and flexibility we need to serve our customers seamlessly, despite the challenges in the chain. global supply, ”continued Erik.

Anniversary’s temporary sales lag in the third quarter (Q3) of fiscal 21 helped Nordstrom, a leading US-based fashion retailer, achieve a 17.7% jump in sales to $ 3.5 billion compared to $ 3.0 billion in the same period of the previous year. tax. Net income for the three-month period increased to $ 64 million (Q3 FY20: $ 53 million).

Sales of the Nordstrom brand in the quarter ended Oct. 30, 2021, jumped 10.5% to $ 2.3 billion from a year ago. While the Nordstrom Rack brand reported a 35.2% acceleration in sales to $ 1.2 billion from the third quarter of fiscal 20.

Anniversary’s temporary sales lag in the third quarter (Q3) of fiscal 21 helped Nordstrom, a leading US-based fashion retailer, achieve a 17.7% jump in sales to $ 3.5 billion compared to $ 3.0 billion in the same period of the previous year. tax. Net income for the three-month period increased to $ 64 million (Q3 FY20: $ 53 million).

Earnings before interest and taxes at the US luxury department store improved to $ 127 million. However, digital sales in the third quarter were down 12% from last year, but were up 20% from the pre-pandemic period.

Anniversary’s temporary sales lag in the third quarter (Q3) of fiscal 21 helped Nordstrom, a leading US-based fashion retailer, achieve a 17.7% jump in sales to $ 3.5 billion compared to $ 3.0 billion in the same period of the previous year. tax. Net income for the three-month period increased to $ 64 million (Q3 FY20: $ 53 million).

“Learning from this year’s anniversary sale, the team combined the art of merchandising with data-driven insight to put the right assortment in the right place at the right time.” Pete Nordstrom, President and Brand Head of Nordstrom, said in the statement.

Anniversary’s temporary sales lag in the third quarter (Q3) of fiscal 21 helped Nordstrom, a leading US-based fashion retailer, achieve a 17.7% jump in sales to $ 3.5 billion compared to $ 3.0 billion in the same period of the previous year. tax. Net income for the three-month period increased to $ 64 million (Q3 FY20: $ 53 million).

“For the holiday season, we are excited about our plans to use our integrated network of stores and digital platforms to showcase clothing, decor and gift offerings for the holidays, and provide festive experiences and convenient services. that make shopping easy and enjoyable for our customers ”Peter concluded.

Anniversary’s temporary sales lag in the third quarter (Q3) of fiscal 21 helped Nordstrom, a leading US-based fashion retailer, achieve a 17.7% jump in sales to $ 3.5 billion compared to $ 3.0 billion in the same period of the previous year. tax. Net income for the three-month period increased to $ 64 million (Q3 FY20: $ 53 million).

Nordstrom has reaffirmed its outlook for fiscal 2021 and continues to expect sales growth of 35% from fiscal 20.

Fibre2Fashion Information Office (JL)


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