• Nordstrom Q1 revenue and profits decline

    1 month ago - By Fashion United

    The company reported a Q1 net loss on Thursday. Compared with the same period last year, revenues also slipped by 39.5 percent.
    For Q1, the company's net profit was -62 million dollars, which decreased from 513 million dollars last year. Revenues decreased to 2,026 million dollars. The profit margin of the company slipped to -3 percent compared to 15 percent a year ago.
    Nordstrom, Inc. is an American upscale fashion retailer, founded by John
    W. Nordstrom and Carl F. Wallin and headquartered in Seattle, Washington.
    The company began as a shoe retailer, and has since expanded their inventory...
    Read more ...