Nordstrom Net Sales Increased 7.2% Over The Same Period In The Third Quarter.

As of October 29th, the US high end Department store Retailer Nordstrom The third quarter exceeded expectations, although net income declined by US $10 million over the same period last year, but net sales increased 7.2% to 3 billion 470 million US dollars compared with 3 billion 200 million US dollars in the same period last year, while same store sales increased 2.4%.

As a result of the internal adjustment of the group, the increase in operating costs made Nordstrom sales grow, but profits declined, and the acquisition in 2014. Men's wear The service website TrunkClub suffered a $197 million impairment loss. The group stressed that TrunkClub's sales continued to grow, but its future growth potential and profitability were lower than originally anticipated. Now TrunkClub is undertaking business reforms.

The annual sales promotion during the second quarter was spanferred to the third quarter this year, excluding the impact of the spanfer. The sales volume of the same store increased by 0.4% over the same period last year. Nordstrom's low price website Nordstrom Rack.com and the US flash buying website Haute Look increased 10.1% in net sales and 3.9% in the same store sales.

Nordstrom Department currently expects profits and sales to grow by 3.5% in 2016, and the same store sales have increased by 1.8 US dollars from 1.7 US dollars in the same period last year. Previously, the group estimated $2.60 to $2.75 a share, with sales growth of 2.5% to 4.5%, while same store sales decreased from 1% to 1%.

The group said that men's and women's wear were the best performing product types, especially the younger women's brands. The cowboy series and the cutting-edge designer brand performed well. The beauty business has always been the most popular category. Other product types of the group also exceeded the average value, and the sales volume of the top 20 brands increased by 20%.

It is understood that Nordstrom operates three platforms, Nordstrom.com low price website Nordstrom Rack.com and HauteLook.

In addition, Nordstrom, a department store operator, said in October 24th that it would employ about 11 thousand and 400 temporary employees in the holiday shopping season, but it was about 3% less than last year.

The company said it employs 9500 temporary staff in sales and inventory management in 123 department stores in the United States and Canada and 213 NordstromRack stores in the United States.

In addition, the company will employ 1900 employees through the distribution center responsible for electronic business.

As online retailers can provide more convenient shopping experience and offer products at a lower price, Nordstrom, like other American retailers, is struggling with online retailers.