Nordstrom Inc. announced a quarterly profit compared with a year-ago loss, despite sales that were hurt by the slowing U.S. economy and fallout from the Sept. 11 attacks.
Nordstrom also said on a conference call with analysts that it plans to cut capital expenditures and slow its store expansion plans.
PBN Branded Content
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
Learn More
The retailer net earnings in its fiscal third quarter, ended Oct. 31, were $10.5 million, or 8 cents a diluted share, compared with a loss of $3.3 million, or 3 cents a share, a year ago.
Earnings for the third quarter of 2000 excluding a pre-tax charge of $44 million were $23.4 million or 18 cents a share.
- Advertisement -
