May 28, 2009
Nordstrom Reports Gains
Nordstrom shows impressive retail numbers. Down from last year’s 54 cents per share, Nordstrom still beat expert guesses and marked profits of 37 cents per share in mid May. Though, taking a hit, the retailer still surged in the market and even experienced a stock market rise of 2.6% during last week’s trading.

Nordstrom numbers coincide with Walmart’s May 14th positive trading results. It’s anybody’s guess as to whether these retail rallies prove the recession is actually simmering or maybe just a little light shining through the economic tunnel.

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