[ad_1]
Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" (Reuters) – Department store chain Nordstrom Inc "data-reactid =" 16 "> (Reuters) – Chain of Nordstrom Inc. department store sales and sales. announced quarterly sales below analysts' expectations on Wednesday, as the high-end retailer struggled to attract buyers to its regular and non-price stores.
The Seattle-based retailer said its revenue was down 5 percent to $ 3.87 billion for the second quarter ended Aug. 3, down from $ 3.93 billion expected by analysts , according to IBES data from Refinitiv.
Net income fell to $ 141 million, or 90 cents a share, in the quarter from $ 162 million, or 95 cents a share, a year earlier.
(This story corrects to show that total revenue was $ 3.87 billion, which was comparable to estimates, not net sales of $ 3.78 billion, in the second paragraph; , not in sales.)
(Report by Nivedita Balu in Bengaluru, edited by Anil D & # 39; Silva)
[ad_2]
Source link