Free shipping boosts Nordstrom income
Upscale retailer Nordstrom Inc. said its first-quarter net income rose a slim 2.7 percent as it spent more on free shipping and other initiatives that boosted sales but squeezed its profit margin.
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Nordstrom's 1Q sales rose 14% but profit 2.7% as it spent on promotions, shipping
By Anne D'Innocenzio, The Associated Press NEW YORK, N.Y. - Upscale retailer Nordstrom Inc. said its first-quarter net income rose a slim 2.7 per cent as it spent more on free shipping and other initiatives ...
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Nordstrom's 1Q sales rose 14 pct but profit only 2.7 pct as it spent on promotions, shipping
By Anne D'Innocenzio, The Associated Press NEW YORK, N.Y. - Upscale retailer Nordstrom Inc. said its first-quarter net income rose a slim 2.7 per cent as it spent more on free shipping and other initiatives ...
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Nordstrom's 1Q profit rises 2.7 percent
Upscale retailer Nordstrom Inc. said its first-quarter net income rose a slim 2.7 percent as it spent more on free shipping and other initiatives that boosted sales but squeezed its profit margin.
Read more...
Nordstrom's 1Q sales rose 14 per cent but profit only 2.7 as it spent on promotions, shipping
NEW YORK, N.Y. - Nordstrom Inc. is reporting that its first-quarter profit rose a slim 2.7 per cent, even though its sales soared almost 14 per cent, as the department store invested in free shipping and other initiatives to attract more shoppers. The earnings fell short of Wall Street expectations,
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