CHICAGO, Nov 9 (Reuters) - Nordstrom Inc reported worse-than-expected quarterly same-store sales on Thursday, hurt partly by hurricanes that affected sales in Puerto Rico, Florida, and Texas.
The upscale Seattle-based clothing and accessories retailer said net income was to $114 million, or 67 cents per share, compared with a loss a of $10 million, or 6 cents per share, a year earlier. Last year’s earnings were hurt by a goodwill impairment.
Nordstrom reported a 0.9 percent decline in same-store sales for the third quarter ended Oct. 28, missing the 0.4 percent decline expected by research firm Consensus Metrix.
Net sales rose about 2 percent to $3.54 billion. (Reporting by Richa Naidu Editing by Marguerita Choy)