Nordstrom reports growth in 1Q profit, disappointing sales
Nordstrom reports growth in 1Q profit, disappointing sales SEATTLE (AP) — Nordstrom Inc. said Thursday its overall profit jumped 37 percent at its department stores in the first quarter, but a key sales gauge fell short of Wall Street expectations. Sales at established stores across the Seattle-based chain declined 0.8 percent in the quarter. The figure of sales at established stores is a key retail indicator because it strips out the effects of newly opened and recently closed locations.
