Despite Investors' Fears, Nordstrom, Inc. Remains Rock Solid

Department store stocks have plunged this year, as investors have started to fear that mall-based retailers will be unable to stabilize their sales.

Yet while Nordstrom (NYSE: JWN) isn't completely insulated from the impact of falling mall traffic, growth in its e-commerce and off-price businesses has more than offset the sales declines in its full-line stores. This trend continued in the second quarter.

In the second quarter, Nordstrom's revenue reached $3.79 billion -- about 1% ahead of the average analyst estimate and up 3.9% year over year. Comparable-store sales increased 1.7%, driven by 20%-plus growth in its e-commerce revenue.

Source: Fool.com