Shares in Nordstrom Inc slumped 9 percent after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.
Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than-expected quarterly same-store sales growth, as more people shopped at its online stores.
Supreme reportedly reached out to local residents in San Francisco's SoMa neighborhood in a letter of intent offering an informational community meeting pertaining to a proposed new store the brand wants to open in 2019.
Body Glove licensee Surf 9 LLC has appointed Brad Gruber to be the new president of its footwear division. Florida-based Surf 9 designs, manufactures and distributes footwear and holds multiple Body Glove licenses.
Nordstrom Inc said on Monday its founding family had suspended attempts to take the upscale retailer private for the rest of the year due to difficulties in arranging funds for the deal ahead of the holiday season.