By Kyle O'Brien

Online shopping may be making a huge dent in the retail world, but Seattle-based retailer Nordstrom recently reported unadjusted earnings of $0.67 per share, which exceeded company expectations, according to a Nordstrom press release regarding second quarter sales.

Analyst expectations were for $0.57 a share, so the numbers were definitely welcomed by the high-end store. That noted, revenue fell slightly short, at $3.65 billion under projections of $3.68 billion.

“Over the past several quarters, our team has been actively addressing our inventory, expense and capital, and in the second quarter, made substantial progress by bringing down inventory in-line with sales,” said Blake Read full story ›

Source: The Drum