Remove Accounting Remove Department Stores Remove Operating Expenses
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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

Nordstrom, like many other department stores, had a much weaker quarter: overall sales fell 40% , with full-price locations dropping 36% and the off-price division declining 45%. The declines were attributed to store closures, though the retailer has reopened about 40%.

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What US mall operators can learn from their global peers

Inside Retail

On the operations side, annualised base minimum rent per square metre was up 3.0 Minimum (or ‘base’) rents account for about 80 per cent of Simon’s rental income. The good news is that with revenues not going anywhere, operating expenses declined materially and underpinned an increase in operating income.