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Nordstrom posts lower-than-expected quarterly same-store sales
November 9, 2017 / 9:22 PM / a month ago

Nordstrom posts lower-than-expected quarterly same-store sales

CHICAGO, Nov 9 (Reuters) - Nordstrom Inc reported worse-than-expected quarterly same-store sales on Thursday, hurt partly by hurricanes that affected sales in Puerto Rico, Florida, and Texas.

The upscale Seattle-based clothing and accessories retailer said net income was to $114 million, or 67 cents per share, compared with a loss a of $10 million, or 6 cents per share, a year earlier. Last year’s earnings were hurt by a goodwill impairment.

Nordstrom reported a 0.9 percent decline in same-store sales for the third quarter ended Oct. 28, missing the 0.4 percent decline expected by research firm Consensus Metrix.

Net sales rose about 2 percent to $3.54 billion. (Reporting by Richa Naidu Editing by Marguerita Choy)

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