On the heels of a strong performance in 2012 that included a 7.3 percent same-store sales increase, Nordstrom is investing heavily in its future. Two big areas of investment: online and expansion of the Nordstrom Rack outlet division, both in the United States and Canada. Some 24 new Rack locations are planned for this year, with more than 30 expected in 2014. The company is looking to double its Rack portfolio, from its current 119 locations to more than 230 stores over the next four years.
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Nordstrom Q4 profit up 20%; upbeat for 2013
February 21, 2013
From Chain Store Age
Seattle -- Nordstrom Inc. on Thursday reported that its fourth-quarter profit rose 20% to $284 million, compared to $236 million a year earlier. The company also forecast further increases in same-store sales for its new fiscal year.
Revenue for the...
Topshop Plans to Open 10 More Stores in the US
February 21, 2013
From Yahoo! Finance
British fashion mogul Sir Philip Green plans to open 10 more Topshop stores in the U.S. within two-and-a-half years, after launching its first California branch in Los Angeles last week. Topshop, which is part of Green's fashion conglomerate Arcadia Group, also has branches in New York, Chicago and Las Vegas, as well as a partnership with upscale fashion department store Nordstrom.
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