Nordstrom raises outlook after strong Q2 earnings

United States
Published:  31 August, 2021

The U.S.-based multi-channel retailer reported net earnings of US$80 million in Q2-2021, with EBIT at US$151 million.

Net sales increased 101% year-on-year for the second quarter of 2021 but remain down from 2019 by 6%. The company reports that a change in timing of its annual Anniversary Sale had a dramatic negative impact on net sales.

The company has expressed an enthusiastic outlook going into the rest of the financial year and made a point to thank employees and brand partners for their support during its Anniversary Sale and help in achieving strong financial results.