Nordstrom Reports Second Quarter 2021 Earnings

Nordstrom, Inc. (NYSE: JWN) today reported second quarter results, which reflected continued broad-based improvement in sales trends at Nordstrom and Nordstrom Rack across categories and geographies. The Company reported net earnings of $80 million or $0.49 per diluted share, with earnings before interest and taxes (“EBIT”) of $151 million.

For the second quarter ended July 31, 2021, net sales increased 101 percent from the same period in fiscal 2020 and decreased 6 percent from the same period in fiscal 2019, representing a sequential improvement of approximately 700 basis points relative to the first quarter of fiscal 2021. The timing shift of the annual Anniversary Sale, with roughly one week falling into the third quarter of 2021, had a negative impact of approximately 200 basis points on net sales compared with fiscal 2019. Adjusting for this timing shift, sales trends improved by approximately 900 basis points relative to the first quarter.

As consumers refreshed their wardrobes, the Company’s core categories of shoes, apparel and accessories experienced the largest improvement in sales trends relative to the first quarter. In addition, sales in active, home and designer categories continued to grow versus 2019.
additional details at: https://investor.nordstrom.com/news-releases/news-release-details/nordstrom-reports-second-quarter-2021-earnings-full-text

Related Posts

USPS 2021 Mailing Promotions Calendar

The Postal Service is pleased to announce that the 2021 Mailing Promotions Calendar has also been approved. As in prior years, promotions provide incentives and discounts to commercial mailers who use specific techniques and technologies in their mailings that can increase customer engagement and drive response rates. The techniques highlighted in the promotions include the use dynamic color, new print techniques, mobile technology, omnichannel experiences and the integration of emerging technologies. The 2021 Promotions are as follows: *Tactile, Sensory & Integrative Mailpiece Engagement; *Emerging and Advanced Technology; *Mobile Shopping; *Earned Value Reply Mail; *Personalized Color Transpromo; *Informed Delivery. The 2021 promotion calendar is posted on the PostalPro website at: https://postalpro.usps.com/promotions. All promotion requirements and further information are expected to be posted by the end of next week. Questions can be directed to the Mailing Services Program Office at mailingpromotions@usps.gov.

KKR Wins S&S for $1.62 Billion (publishersweekly.com)

In a move that some in the industry will welcome as putting at least a temporary stop to industry consolidation, the private investment firm KKR has reached an agreement with Paramount Global to acquire Simon & Schuster for $1.62 billion in an all cash transaction. Though below the $2.175 billion that Penguin Random House had previously agreed to pay for the country’s third largest trade publisher, $1.62 billion is a healthy price since most trade publishers sell for not much better than 1.5 times sales, and S&S’s 2022 revenue was $1.18 billion.

Savvas Learning Company Acquires Pointful Education

Savvas Learning Company, a next-generation K-12 learning solutions leader, today announced the acquisition of Pointful Education, a provider of innovative, online career and technical education (CTE) courses that prepare students with the industry knowledge and skills needed for future careers. Specializing in career-focused courses and certification exam preparation for middle and high school students, Pointful Education offers a wide range of virtual and blended learning solutions that engage students in career exploration and prepare them for the workforce. Its robust catalog features 55 courses that are aligned with nationally recognized career clusters. The courses offer engaging instructional design packed with interactives, videos, projects, language translations, and text-to-speech functionality.
Back To Top
×Close search
Search