Nordstrom Inc. Archive

Nordstrom Profit Tops Estimates as Rack Brand’s Sales Increase

Nordstrom Store in the Rideau Centre shopping mall in Ottawa, Canada | Source: Shutterstock SEATTLE, United States — Nordstrom Inc., the largest US luxury department-store chain, posted second-quarter profit that topped analysts’ estimates, helped by higher sales at its off-price Rack chain. Earnings were 67 cents a share in the quarter, the Seattle-based company said in a statement Thursday. Analysts predicted 57 cents, on average. …