Nodes Tron Recorded A 0.2% Decline In The Two Quarter Sales.

Us high-end department store retailer NordstromInc. (NYSE:JWN)

In the 28 quarter of 7 consecutive years, the rise in earnings in the 28 quarter was a classic. The company recorded a 0.2% decline in the two quarter, falling from 3 billion 592 million US dollars to 3 billion 592 million US dollars in the same period last year, which also dragged down the group's income period by 1.4%% to US $3 billion 651 million, compared with us $3 billion 701 million in the same period last year.

Despite poor sales, NordstromInc. Nord's two quarter performance is still super.

Seattle's earnings per share were expected to reach $0.67 in the two quarter of July 30, 2016, while Zacks was expected to be only $0.55.

The EPS results expected by the super market also stimulated the stock market to rise sharply after the market.

Deadline for dispatch was 7:59PM at US $52.60, a 10.60% jump.

The factors that stimulated the surge in share prices also include the company's EPS forecast for the whole year. NordstromInc. Nord is now expecting EPS for the year to be US $2.60 -2.75 US dollars, after which it was expected to be US $2.50 -2.70 US dollars.

Like NordstromInc. Nord, its competitors Kohl 'sCorp. (NYSE:KSS), and Macy'sInc. (NYSE:M)

The quarterly bulletin has already been released before its launch. Although the two department stores also sell poorly, they have also recorded EPS results that are expected to exceed market expectations, which also stimulated stock prices soaring.

The above phenomenon shows that the department stores in the United States are in a slump and the market is weak in the department store industry.

In the case of the strong US dollar, which significantly inhibited the Chinese Hawker's tourism consumption in the United States and the increasingly fierce competition in the industry and channels and the US economic downturn, Wall Street hardly had high expectations for the traditional department store industry in the United States.

In the two quarter, NordstromInc.'s sale in the same store recorded a 1.2% decline, better than the 3.1% decline expected by the market.

Net profit plummeted from 44.5% to 117 million dollars, compared with $211 million a year earlier.

The net interest rate recorded only 6.1%, down 440 basis points.

During the period, the sale of Nordstrom Nord brand (including Nordstrom.com/Trunk Club) at full price line dropped by 0.4%, while same store sales fell 2.3%; discount brand NordstromRack (including Nordstromrack.com/HauteLook) sales continued to increase by 11.2%, while same store sales also increased by 5.3%.

The decline in the discount and full price business led to a record decline of 101 basis points to 34.3% in the gross margin period.

By the end of the two quarter, the total number of Nordstrom Nord and Nordstrom Rack stores increased by 25 to 329, but almost all contributed by NordstromRack.

Nordstrom Inc. (NYSE:JWN) reported $47.56 on Thursday, which rose by 7.53% over the day, exceeding its expected performance. The stock fell 4.52% in 2016, narrowing further, but over 36% in the past 12 months.