in October, though sales from the new opening will likely not materialize until the fourth quarter, the company said in August.
The new store received about 85,000 visits during the first weekend, the company said in its earnings release, adding that strong sales in its separate men's store topped expectations.to allow co-presidents Pete and Erik Nordstrom to raise their stake in the company. The company also mentioned that the board had talks with the two over "succession planning."
Credit Suisse analyst Michael Binetti said in a note last week that the decision "removes some downside support for the stock in the near-term." The analyst also was concerned about elevated levels of promotions across the market, which can hurt profits.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Nuance stock rises on earnings beatNuance Communication Inc. shares rose in the extended session Wednesday after the software company's earnings topped Wall Street estimates. Nuance shares...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »
Stocks making the biggest moves premarket: Target, Lowe's, Boeing, Alibaba, J&J & moreTarget and Lowe's jump on better-than-expected earnings, while an analyst upgrades Canopy Growth.
Källa: CNBC - 🏆 12. / 72 Läs mer »
Target shares surge after company crushes earnings and raises forecastTarget shares hit a record high after the store posted stronger-than-expected Q3 earnings and sales ahead of the holiday shopping season.
Källa: CNBC - 🏆 12. / 72 Läs mer »
Retail earnings, manufacturing gauge, home sales: 3 things to watch for in the markets on ThursdayWe'll get earnings from Macy's, Gap and Nordstrom, the Philadelphia Federal Reserve manufacturing gauge and existing home sales on Thursday.
Källa: CNBC - 🏆 12. / 72 Läs mer »
Lowe's earnings top estimates despite revenue shortfall, raises 2019 forcastLowe's reported Wednesday quarterly earnings that beat analysts' expectations and raised its forecast for the year. However, revenue during the quarter fell short of expectations.
Källa: CNBC - 🏆 12. / 72 Läs mer »