Nordstrom Also Began To Fall Behind The British Department Store.

British department stores began selling the sale of high-end chain stores in the UK with the sale of BHS department stores, and the US Department Stores suffered a setback in the early days. In addition, Nordstrom department stores in the first quarter earnings report recently, the retrogression deepened the panic of us department stores.

It is reported that in the first quarter of April 30, 2016, Nordstrom department store revenue increased to 1.1% US dollars in the same period of last fiscal year, but it was worse than that in the first quarter of last year.

In the same store sales of $3 billion 280 million, a decrease of 1.7%, compared with the expected growth of 0.1%, was even worse, while net profit dropped to 64% US dollars to 46 million US dollars.

Therefore, the group adjusted the annual EPS forecast to 2.50 - 2.70 US dollars, which was expected to be 3.10 - 3.35 US dollars. Meanwhile, the growth of revenue was expected to decline from 3.5% to 5.5% to 2.5% - 4.5%.

Although it is hoped to reduce costs through layoffs, Nordstrom's performance is inevitably biased by the "Amazon effect".

The chain corporation's performance in the first quarter is worse than expected in the first quarter, and the investment bank will mainly invest in the first quarter earnings yet.

Department store.

The group said that the main reason for the Nordstrom department store regress is that

As a result of competition, Amason's online competitiveness in the retail industry has led to the "black cloud" of many high-end chain stores.

In addition, the group will announce another 400 redundancies and complete the layoff plan before the end of the two quarter of July.