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Fashion Jobs
VICTORIA'S SECRET
Brand Operations Manager-Crossgates Mall vs
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VICTORIA'S SECRET
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sr Buyer - Intimates
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JCPENNEY
Product Manager - Customer Service & Pick Pack Applications
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NEIMAN MARCUS
Marketing Manager, Esg / ps
Permanent · Dallas
NEIMAN MARCUS
Loss Prevention Investigator
Permanent · Dallas
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sr Manager Group Sales - Las Vegas
Permanent · Las Vegas
NEIMAN MARCUS
Supply Chain Project Analyst
Permanent · Irving
NEIMAN MARCUS
Sales Support Manager - Las Vegas
Permanent · Las Vegas
NEIMAN MARCUS
Sales Manager, Women's Apparel - Fashion Island
Permanent · Newport Beach
NEIMAN MARCUS
Sales Experience Director - Las Vegas
Permanent · Las Vegas
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time: Livermore
Permanent · Livermore
By
Reuters
Published
Mar 2, 2021
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Nordstrom sales beat on off-price clothing channel, online strength

By
Reuters
Published
Mar 2, 2021

​Nordstrom Inc on Tuesday reported better-than-expected revenue for the holiday quarter, aided by a rise in e-commerce sales and growth in its off-price business, Rack.


Nordstrom


Pandemic-induced declines in household income and high unemployment rates have led to a spike in demand for affordable clothing. This boosted the off-price business of Nordstrom, which also benefited from a greater shift to online shopping.

Sales at Nordstrom Rack decreased 23% from a year earlier, but were better than previous quarter’s 32% slump.

Digital sales of about $2 billion in the reported quarter accounted for 54% of the retailer’s total business.

Total revenue fell 19.7% to $3.65 billion in the fourth quarter ended Jan. 30. Wall Street had forecast $3.60 billion, according to analysts surveyed by Refinitiv IBES.

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