Nordstrom Q2 profit jumps 39%
Seattle Nordstrom’s second-quarter profit jumped nearly 39% as shoppers flocked to its sales. The company maintained its full-year outlook.
Nordstrom earned $146 million for the quarter that ended July 31, up from $105 million in the year-ago period.
The company’s revenue rose nearly 13% to $2.5 billion as both sales and credit card revenue rose. Same-store sales rose 8.4%. Nordstrom, which operates its upscale department store chain and discounter Nordstrom Rack, credited the growth to sales momentum and three special sale events.
Interestingly, shoppers appeared to favor its traditional stores and shied away from Nordstrom Rack during the quarter. Same-store sales grew 9.9% at Nordstrom stores but fell nearly 1% at Nordstrom Rack.
Blake Nordstrom, the company’s president, said Nordstrom is well-positioned for the second half of the year and continues to see improvement in both revenue and profit.
Babies’R’Us introduces exclusive line from LittleMissMatched
WAYNE, N.J. Toys”R”Us Inc. announced that it has paired up with LittleMissMatched to bring an exclusive assortment of baby apparel, accessories, bedding, room decor and nursery furniture to Babies”R”Us stores nationwide.
“LittleMissMatched is one of the most innovative kids’ brands around, and we are excited to bring their playful fashion sensibilities to our merchandise assortment for little ones through this exclusive collection at Babies”R”Us,” said Karen Dodge, chief merchandising officer for Toys”R”Us. “This new LittleMissMatched offering for babies further adds to our broad assortment of distinctive products that can only be found at Babies”R”Us stores.”
Ranging in price from $7.99 to $24.99, LittleMissMatched baby apparel and accessories feature a variety of styles, from classic prints to deco-modern patterns in fabrics such as baby-soft cotton, the company reported. The bedding and furniture line will feature safari-, monkey- and super-star themed designs as well as cribs, changing tables and dressers with interchangeable slats.
Macy’s, Fox Consumer Products ink ‘Glee’-ful deal
CENTURY CITY, Calif. Twentieth Century Fox Consumer Products and Macy’s have announced the launch of their exclusive “Glee” apparel line.
The apparel line is manufactured by Awake Inc. amd features fashion apparel including t-shirts, fashion tops and hoodies priced from $19.99 to $34.99. The line will be available at all Macy’s stores on Aug. 15.
“In just a short period of time, ‘Glee’ has inspired millions of fans,” said Martine Reardon, EVP marketing for Macy’s. “It is our goal to extend that excitement to the Macy’s customer with the products we’ll be showcasing in our stores. There’s something so refreshing about ‘Glee,’ and we are committed to channeling that into exclusive fashion merchandise that will impassion ‘Glee’ fans across the country.”
According to the companies, the Glee apparel program will be supported through a multi-platform advertising campaign including key placement in Macy’s Back-to-School direct mail, e-mail and social networking. Glee will also launch through the juniors section on Macy’s.com on Sept. 14 featuring the apparel along with Glee-full activities such as trivia, behind-the-scenes video, wallpaper, photo galleries and more, the companies reported.