Nordstrom

Nordstrom reported overall sales growth despite the impact of the hurricanes in Puerto Rico, Florida and Texas. The Nordstrom Rack off-price business also continued to be a bright spot for the retailer.

Third quarter net earnings were $114 million compared with a net loss of $10 million during the same period in fiscal 2016. Earnings per diluted share for the third quarter were $0.67. The estimated reduction in earnings from several hurricanes affecting stores in Puerto Rico, Florida, and Texas was approximately $0.04. The company also estimated that lost sales impact from the hurricanes was approximately $20 million,…