Brief: Nordstrom Expects Charges Of About 10 Basis Points To Reported Sg&A Expense As Percentage Of Net Sales In Q3 As Well As Q4

Nordstrom

27/08/2024 22:28

Aug 27 (Reuters) - Nordstrom Inc  JWN.N :
    * NORDSTROM- EXPECTED CHARGES OF ABOUT 10 BASIS POINTS TO
REPORTED
SG&A EXPENSE AS PERCENTAGE OF NET SALES IN Q3 AS WELL AS Q4
    * NORDSTROM- "EXTERNAL ENVIRONMENT REMAINS UNCERTAIN"
    * NORDSTROM-  IN FUTURE, EXPECT SALES-TO-INVENTORY SPREAD TO
IMPROVE
    * NORDSTROM INC:  PLANNING TO OPEN 12 MORE NEW RACK STORES
THIS
YEAR, AHEAD OF THE HOLIDAY SEASON
    * NORDSTROM-  MARKETPLACE IS NOT YET A MATERIAL DRIVER AND
WE WILL
CONTINUE TO SCALE IT IN MONTHS AHEAD
    * NORDSTROM- IN Q2, MADE DECISION TO CEASE BUILD-OUT &
PLANNING OF
LEASED OMNICHANNEL CENTER, INTENDED FOR FUTURE USE IN PACIFIC
NORTHWEST
    * NORDSTROM INC:  "CONTINUE TO FOCUS ON GROWING OUR NEW YORK
CITY
STORE"

Source text for Eikon:  ID: 
Further company coverage:  JWN.N 

 ((Reuters.Briefs@thomsonreuters.com;))