The JPM analysts also added, "Importantly, our 2Q10 EPS estimates remain intact across the board; in fact, we are raising estimates for the luxury chains: Nordstrom (NYSE: JWN) and Saks Inc. (NYSE: SKS), which provided stronger than expected SSS during May/June." 
Share:  <span class="sent">The JPM analysts also added, "Importantly, our 2Q10 EPS estimates remain intact across the board; in fact, we are raising estimates for the luxury chains: <span class="company">Nordstrom</span> (NYSE: JWN) and Saks Inc. (NYSE: SKS), which provided stronger than expected SSS during May/June."</span> Tweet this   read full story

Citi analyst says, "In June, the mall based department stores (JCPenney (NYSE: JCP ), Nordstrom (NYSE: JWN ), and Macy's (NYSE: M )) outperformed, which we believe was driven by consumers going to the mall to. 
Share:  <span class="sent"><span class="analyst">Citi</span> analyst says, "In June, the mall based department stores (JCPenney (NYSE: JCP ), <span class="company">Nordstrom</span> (NYSE: JWN ), and Macy's (NYSE: M )) outperformed, which we believe was driven by consumers going to the mall to.</span> Tweet this   read full story

Sales at stores open at least a year rose more than analysts projected at Nordstrom Inc., JC Penney Co and Macy's Inc., according to estimates compiled by Retail Metrics Inc. Gap Inc said same store sales were little changed from last year, falling short of the 3.7 percent estimated gain. Traffic was negative at all three of Gap's brands, the San Francisco based retailer said Thursday. "Department stores benefited toward the end of the month from the excess heat across the country, particularly in the Northeast but also out West," said Ken Perkins, president of Retail Metrics. July results may be similar, Perkins said, citing increased clearance sales in the first half and more hot weather across the United States. 
Share:  Sales at stores open at least a year rose more than analysts projected at <span class="company">Nordstrom</span> Inc., JC Penney Co and Macy's Inc., according to estimates compiled by Retail Metrics Inc. Gap Inc said same store sales were little changed from last year, falling short of the 3.7 percent estimated gain. Traffic was negative at all three of Gap's brands, the San Francisco based retailer said Thursday.<span class="sent"> "Department stores benefited toward the end of the month from the excess heat across the country, particularly in the Northeast but also out West," said <span class="analyst">Ken Perkins</span>, president of Retail Metrics.</span> July results may be similar, Perkins said, citing increased clearance sales in the first half and more hot weather across the United States. Tweet this   read full story

"The main thing is, does the customer feel like it's one Nordstrom, versus these kinds of silos of business units?" President Blake Nordstrom said. For online sales, "our challenge now is things are accelerating.". For its fiscal first quarter, Nordstrom said its direct sales division, which includes its online and catalog businesses, rose 38.7 percent from a year earlier and accounted for 7.2 percent of the company's total sales 
Share:  "The main thing is, does the customer feel like it's one <span class="company">Nordstrom</span>, versus these kinds of silos of business units?" <span class="sent">President Blake <span class="company">Nordstrom</span> said.</span> For online sales, "our challenge now is things are accelerating.". For its fiscal first quarter, <span class="company">Nordstrom</span> said its direct sales division, which includes its online and catalog businesses, rose 38.7 percent from a year earlier and accounted for 7.2 percent of the company's total sales....For online sales, "our challenge now is things are accelerating.". <span class="sent">For its fiscal first quarter, <span class="company"><span class="analyst">Nordstrom</span></span> said its direct sales division, which includes its online and catalog businesses, rose 38.7 percent from a year earlier and accounted for 7.2 percent of the company's total sales.</span> In some cases, this is increasing competition between online only outlets and old school retailers that are no longer content to lose market share to Internet rivals. As brick and mortar retailers seek a bigger market share online, they're up against tough, pure online competitors such as Amazon and shoe seller Zappos, which have honed their websites through years of trial and which don't have to collect sales tax in states where they don't have a physical presence. Tweet this   read full story

That's the beauty of having a portfolio." "We think this is an opportunity for us to learn how to use inventory more efficiently," added Michael G. Koppel, EVP/CFO, at the event, which was also webcast. "We're excited about figuring that out." Koppel says the recession forced Nordstrom execs "to navigate some of the most difficult waters any of us have ever seen. The big lessons we learned is that everything we do is about how to better serve our customer 
Share:  That's the beauty of having a portfolio." <span class="sent">"We think this is an opportunity for us to learn how to use inventory more efficiently," added Michael G. Koppel, EVP/CFO, at the event, which was also webcast.</span> "We're excited about figuring that out." Koppel says the recession forced <span class="company">Nordstrom</span> execs "to navigate some of the most difficult waters any of us have ever seen. The big lessons we learned is that everything we do is about how to better serve our customer...."We think this is an opportunity for us to learn how to use inventory more efficiently," added Michael G. <span class="analyst">Koppel</span>, EVP/CFO, at the event, which was also webcast. <span class="sent">"We're excited about figuring that out." <span class="analyst">Koppel</span> says the recession forced <span class="company">Nordstrom</span> execs "to navigate some of the most difficult waters any of us have ever seen.</span> The big lessons we learned is that everything we do is about how to better serve our customer. During the times when business was frothy, we made some changes. Tweet this   read full story

In the commercial, the sun , represented as a suit wearing man of flames , is impressed. "We're always looking for ways to promote Bing to build brand awareness," a Microsoft rep says.. As consumers tiptoe back into luxury spending, said Nordstrom's Rob Campbell, "the Rack's performance has moderated. Many of the IOM report's recommendations. including registration of food manufacturing facilities and mandatory prevention. 
Share:  In the commercial, the sun , represented as a suit wearing man of flames , is impressed. <span class="sent">"We're always looking for ways to promote Bing to build brand awareness," a Microsoft rep says.. As consumers tiptoe back into luxury spending, said <span class="company">Nordstrom</span>'s <span class="analyst">Rob Campbell</span>, "the Rack's performance has moderated.</span> Many of the IOM report's recommendations. including registration of food manufacturing facilities and mandatory prevention. Tweet this   read full story