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Nordstrom
Retailers’ Balance Sheets Tell All
As holiday season sales results come rolling in, analysts stipulate that the downturn in sales may push even more retailers into bankruptcy court. But sales trends are not the only measure of a retailer’s health, Barron’s writes.
To distinguish the companies with promise from those that are truly in danger of going under, it examined other factors on the corporate balance sheet, like ratios of...
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JCPenney, Nordstrom Q3 Profits Plunge
JCPenney Co. reported a 52% plunge in profits during the third quarter ended Nov. 1 as net earnings totaled just $124 million ($0.56 cents/share), down from $261 million ($1.17/share) in the same period last year.
Revenue fell 9% to $4.32 billion from $4.73 billion in 3Q07, reports the AP (via Forbes.com).
The company attributed the loss to the consumer-spending cutback that has been affecting...
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