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Eric Bieniemy out as UCLA's offensive coordinator. AP source says Tino Sunseri tabbed as replacement
Boys basketball: Bulldogs down Jaguars at the buzzer, the world's largest retailer, said on Monday that it had reviewed its to align them with a thorough review of its operational practices after facing heavy pressure from conservative groups in the country. Among the measures, considered a setback in openness to diversity, are: to stop considering race and gender as a way to increase diversity when offering contracts to suppliers. The consortium noted that it does not have gender quotas and that it does not plan to have them in the future. However, it said it plans to stop collecting demographic data to determine eligibility for grant funding. A spokesperson told ABC News that: "We've been on a journey and we know we're not perfect," the statement continued, "but every decision comes from a place of wanting to foster a sense of belonging, open doors to opportunity for all of our associates, customers and suppliers and be a Walmart for everyone." Additionally, told the AP that This means they will no longer be able to list or sell An example is chest binders for young people who may be using the products as part of their gender-affirming care. It should be noted that such measures have been applied to other large corporations by conservative groups. These changes include not renewing a five-year commitment to a at the hands of police, and withdrawing from a prominent gay rights index. In addition, when it comes to race or gender, will not give preferential treatment to suppliers. These conservative groups are using a ruling in June 2023 that ends affirmative action in college admissions. Emboldened by that decision, conservative groups have filed lawsuits with similar arguments against corporations, targeting workplace initiatives such as diversity programs and hiring practices that prioritize historically marginalized groups. Meanwhile, has been attacking , calling out individual companies on social media platform X. Several of those companies have subsequently announced that they are withdrawing their initiatives, including But , which employs 1.6 million workers in the United States, is the largest company to do so. With information from LAPRESSE
SEATTLE , Nov. 26, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported third quarter net earnings of $46 million , or earnings per diluted share ("EPS") of $0.27 , and earnings before interest and taxes ("EBIT") of $83 million . Excluding a charge related to accelerated technology depreciation, the Company reported adjusted EBIT of $97 million and adjusted EPS of $0.33 .[1] For the third quarter ended November 2, 2024, net sales increased 4.6 percent versus the same period in fiscal 2023, and total Company comparable sales increased 4.0 percent. Gross merchandise value ("GMV") increased 5.3 percent. Anniversary Sale timing, with one week shifting from the third quarter to the second quarter, had a negative impact of approximately 100 basis points on net sales compared with 2023. During the quarter, Nordstrom banner net sales increased 1.3 percent and comparable sales increased 4.0 percent. Net sales for Nordstrom Rack increased 10.6 percent and comparable sales increased 3.9 percent. "The continued sales growth across the company and strong gross margin in the third quarter indicate our team's focus and efforts are working," said Erik Nordstrom , chief executive officer of Nordstrom, Inc. "Our customers have a lot of choices, and our results give us encouragement that we're on the right path. Looking ahead, we'll continue to improve our shopping experience as we strive to maintain the positive momentum we've worked towards all year." In the third quarter, women's apparel and active had double-digit growth, and shoes, men's apparel and kids were up mid to high single-digits, versus 2023. Growth in women's apparel, shoes and men's apparel accelerated sequentially from the second quarter. "Our third quarter results demonstrate that our strategic focus on curating a compelling brand assortment is resonating with customers," said Pete Nordstrom , president of Nordstrom, Inc. "Our actions throughout this year have led to this moment, and we feel well-positioned for a successful holiday season and look forward to helping our customers celebrate the moments that matter. I'm grateful to our dedicated team for consistently delivering the high level of service our customers have come to expect from Nordstrom." As previously announced, the board of directors declared a quarterly cash dividend of $0.19 per share, payable on December 18, 2024, to shareholders of record at the close of business on December 3, 2024. THIRD QUARTER 2024 SUMMARY Total Company net sales increased 4.6 percent and comparable sales increased 4.0 percent compared with the same period in fiscal 2023. GMV increased 5.3 percent. The timing shift of the Anniversary Sale, with one day falling in the third quarter of 2024 versus eight days in 2023, had a negative impact on net sales of approximately 100 basis points compared with the third quarter of 2023. Nordstrom banner net sales increased 1.3 percent and comparable sales increased 4.0 percent compared with the same period in fiscal 2023. GMV increased 2.4 percent. The timing shift of the Anniversary Sale had a negative impact on Nordstrom banner net sales of approximately 200 basis points compared with the third quarter of 2023. Nordstrom Rack banner net sales increased 10.6 percent and comparable sales increased 3.9 percent compared with the same period in fiscal 2023. Digital sales increased 6.4 percent compared with the same period in fiscal 2023. The timing shift of the Anniversary Sale had a negative impact on Company digital sales of approximately 100 basis points compared with the third quarter of 2023. Digital sales represented 34 percent of total sales during the quarter. Gross profit, as a percentage of net sales, of 35.6 percent increased 60 basis points compared with 35.0 percent in the same period in fiscal 2023, primarily due to strong regular price sales. Ending inventory increased 5.9 percent compared with the same period in fiscal 2023, versus a 4.6 percent increase in sales. Selling, general and administrative ("SG&A") expenses, as a percentage of net sales, of 36.6 percent increased 25 basis points compared with 36.3 percent in the same period in fiscal 2023, primarily due to higher labor costs and a charge related to accelerated technology depreciation, partially offset by leverage on higher sales and improvements in variable costs across the business. Excluding the $14 million charge related to accelerated technology depreciation, adjusted SG&A expenses, as a percentage of net sales, were 36.2 percent. EBIT was $83 million in the third quarter of 2024, compared with $102 million during the same period in fiscal 2023. Adjusted EBIT of $97 million in the third quarter of 2024 excluded the accelerated technology depreciation. Adjusted EBIT of $77 million in the third quarter of 2023 excluded a favorable $25 million true-up related to the wind-down of Canadian operations.[2] Interest expense, net, of $26 million increased 8.8 percent compared with $24 million during the same period in fiscal 2023 primarily due to lower interest income. Income tax expense was $11 million , or 18.9 percent of pretax earnings, compared with income tax expense of $11 million , or 14.2 percent of pretax earnings, in the same period in fiscal 2023. The increase in the rate in the third quarter of fiscal 2024 was driven primarily by tax benefits in the third quarter of fiscal 2023 associated with the wind-down of Canadian operations. The Company ended the third quarter with $1.2 billion in available liquidity, including $397 million in cash. STORES UPDATE To date in fiscal 2024, the Company has opened 23 stores: The Company has also announced plans to open the following stores: The Company had the following store counts as of quarter-end: During the third quarter, the Company closed one Nordstrom Rack store. FISCAL YEAR 2024 OUTLOOK The Company updated its financial outlook for fiscal 2024, which reflects the estimated accelerated technology depreciation impacts expected in the fourth quarter of fiscal 2024: Revenue range, including retail sales and credit card revenues, of flat to 1.0 percent growth versus the 53-week fiscal 2023, which includes an approximately 135 basis point unfavorable impact from the 53rd week Comparable sales growth of 1.0 to 2.0 percent versus 52 weeks in fiscal 2023 EBIT margin of 3.0 to 3.4 percent of sales Adjusted EBIT margin of 3.6 to 4.0 percent of sales[3] Income tax rate of approximately 27 percent EPS of $1.40 to $1.70 , excluding the impact of share repurchase activity, if any Adjusted EPS of $1.75 to $2.05 , excluding the impact of share repurchase activity, if any[4] CONFERENCE CALL INFORMATION The Company's senior management will host a conference call to provide a business update and to discuss third quarter 2024 financial results and fiscal 2024 outlook at 4:45 p.m. EST today. To listen to the live call online and view the speakers' prepared remarks and the conference call slides, visit the Investor Relations section of the Company's corporate website at investor. nordstrom .com . An archived webcast with the speakers' prepared remarks and the conference call slides will be available in the Quarterly Results section for one year. Interested parties may also dial 201-689-8354. A telephone replay will be available beginning approximately three hours after the conclusion of the call by dialing 877-660-6853 or 201-612-7415 and entering Conference ID 13750079, until the close of business on December 3, 2024. ABOUT NORDSTROM At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it. Certain statements in this press release contain or may suggest "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. The words "will," "may," "designed to," "outlook," "believes," "should," "targets," "anticipates," "assumptions," "plans," "expects" or "expectations," "intends," "estimates," "forecasts," "guidance" and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address such future events or expectations are forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended February 3, 2024, our Form 10-Q for the fiscal quarter ended May 4, 2024 , our Form 10-Q for the fiscal quarter ended August 3, 2024 and our Form 10-Q for the fiscal quarter ended November 2, 2024 , to be filed with the SEC on or about December 5, 2024 . In addition, forward-looking statements contained in this release may be impacted by the actual outcome of events or occurrences related to the Company's announcement of the exploration of possible avenues to enhance shareholder value, including consideration by a special committee of the board of directors of a proposal brought forward by members of the Nordstrom family to take the Company private. These forward-looking statements are not guarantees of future performance and speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances. In addition, the actual timing, price, manner and amounts of future share repurchases, if any, will be subject to the discretion of our board of directors, contractual commitments, market and economic conditions and applicable Securities and Exchange Commission rules. This earnings release includes references to websites, website addresses and additional materials, including reports and blogs, found on those websites. The content of any websites and materials named, hyperlinked or otherwise referenced in this earnings release are not incorporated by reference into this earnings release or in any other report or document we file with the SEC, and any references to such websites and materials are intended to be inactive textual references only. The information on those websites is not part of this earnings release.Iran determined to actively contribute to anti-corruption efforts: Official
Gianna Kneepkens had 16 points to help Utah pull off a 78-67 upset of No. 3 Notre Dame in the Cayman Islands Classic on Saturday in George Town, Cayman Islands. The Utes (6-2) got 15 points from Kennady McQueen and 14 apiece from Jenna Johnson and Matyson Wilke. McQueen and Wilke each made three 3-pointers. Notre Dame (5-2), which lost on Friday to TCU, shot 40.3 percent from the field and turned the ball over 22 times. Sonia Citron's 22 points led the Irish, while Liatu King and Hannah Hidalgo each scored 16. Kneepkens has led the Utes in scoring in five consecutive games. No. 1 UCLA 97, Fresno State 41 Lauren Betts scored 20 points and grabbed 12 rebounds and the Bruins weren't threatened in the Rainbow Wahine Showdown in Honolulu. UCLA (7-0) rolled up a 57-23 halftime lead and ended the game at 56.2 percent from the field. Kiki Rice and Gabriela Jaquez each scored 15 points and Janiah Barker added 13 points. Fresno State (5-3), which committed 24 turnovers, received 11 points from Mia Jacobs. No. 4 South Carolina 99, Purdue 51 MiLaysia Fulwiley's 14 points led five Gamecocks reserves in double figures in an easy win over the Boilermakers at the Fort Myers Tip-Off in Fort Myers, Fla. Ashlyn Watkins and Tessa Johnson each had 13 points off the bench for South Carolina, while starters Chloe Kitts and Bree Hall both posted 12 points. Joyce Edwards (11) and Maddy McDaniel (10) also reached double figures. South Carolina (7-1), which led 53-18 at halftime, had a 56-26 rebounding advantage. Destini Lombard racked up 24 points, aided by four 3-pointers, for Purdue (4-3), which shot 39.6 percent from the field. No. 5 Texas 94, Butler 59 Justice Carlton scored 30 points on 12-for-15 shooting from the field and 6-for-7 on free throws as the Longhorns rolled in the Gulf Coast Showcase in Estero, Fla. Rori Harmon scored 13 points, while Aaliyah Moore, Kyla Oldacre and Bryanna Preston each had 10 points for Texas (6-0), which will face No. 12 West Virginia in Sunday night's tournament final. Caroline Strande had 14 points for Butler (6-2), which shot 50 percent from the floor but committed 29 turnovers and was outrebounded 41-22. No. 10 Maryland 66, George Mason 56 Kaylene Smikle's 16 points and Shyanne Sellers' 15 points helped Terrapins defeat the Patriots in a tight game in the Navy Classic at Annapolis, Md. Saylor Poffenbarger added 10 points off the bench for Maryland (7-0). George Mason (6-1), on the strength of an 18-7 scoring edge in the third quarter, pulled ahead 45-44 going to the fourth. Sellers scored with five minutes left to break a 51-51 tie and the Terrapins led the rest of the way. No. 12 West Virginia 82, Boise State 47 Sydney Shaw's 20 points led the Mountaineers in the Gulf Coast Showcase in Estero, Fla. JJ Quinerly provided 14 points for West Virginia (8-0). Boise State (7-1), which managed only six points in the first and third quarters, was led by Elodie Lalotte's 11 points off the bench. The Broncos committed 23 turnovers and took 26 of their 51 field-goal attempts from beyond the arc. No. 15 Iowa State 75, Middle Tennessee 59 Audi Crooks posted 21 points on 9-for-14 shooting as the Cyclones routed the Blue Raiders and left the Fort Myers Tip-Off in Fort Myers, Fla., on a high. Addy Brown had 12 points for Iowa State (6-2), which shot 54.7 percent from the floor following a 40-point loss to No. 4 South Carolina. The Cyclones held a fifth opponent under the 60-point mark. Ta'Mia Scott scored 24 points, including 8-for-8 on free throws, for Middle Tennessee (6-2). Anastasiia Boldyreva and Jalynn Gregory each added 14 points for the Blue Raiders, who were 19-of-20 at the foul line. No. 17 TCU 87, South Florida 46 Hailey Van Lith's 23 points led a high-charged offense as the Horned Frogs won in the Cayman Islands Classic in George Town, Cayman Islands. Sedona Prince added 17 points and 13 rebounds and Madison Conner, who hit four 3s, posted 14 points for TCU (8-0), which shot 52.5 percent from the field while sinking 12 shots from 3-point range. The Horned Frogs led 40-22 at halftime. South Florida (4-5), which has lost three games in a row, received 14 points from Vittoria Blasigh. No. 18 Mississippi 89, Alabama State 24 Reserve Sira Thienou's 16 points contributed to the romp for the host Rebels over the Lady Hornets at Oxford, Miss. Christeen Iwuala and Starr Jacobs each had 12 points and Kennedy Todd-Williams had 11 points for Ole Miss, which benefited from 33 turnovers by Alabama State. The Rebels (5-2) led 57-10 at halftime. Kaitlyn Bryant's seven points off the bench were tops for Alabama State (2-5), which shot 19 percent from the field. No. 24 Louisville 79, Colorado 71 Tajianna Roberts' go-ahead 3-point basket with less than 7 1/2 minutes remaining ignited a 16-0 run as the Cardinals picked up a road victory over the Buffaloes at Boulder, Colo. Jayda Curry and Nyla Harris each tallied 14 points, Roberts finished with 13 and Izela Arenas had 11 for Louisville (5-2). Frida Formann led Colorado (6-2) with 25 points. Jade Masogayo had 12 points and Nyamer Diew added 10 points. Kindyll Wetta had 10 assists. --Field Level MediaHow co-writing a book threatened the Carters' marriage NEW YORK (AP) — No ex-president had a more prolific and diverse publishing career than Jimmy Carter . His more than two dozen books included nonfiction, poetry, fiction, religious meditations and a children’s story. Canadian Press Dec 29, 2024 2:19 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message This combination of book cover images shows some of the many books authored by President Jimmy Carter, top row from left, "An Hour Before Daylight: Memories of a Rural Boyhood," "Christmas in Plains: Memories," "The Nobel Peace Prize Lecture," "The Hornet's Nest: A Novel of the Revolutionary War," "Sharing Good Times," "Our Endangered Values: America's Moral Crisis," and "Palestine: Peace Not Apartheid," bottom row from left, "Beyond the White House," "A Remarkable Mother," "We Can Have Peace in the Holy Land: A Plan That Will Work," "White House Diary" (FSG), "A Call to Action: Women, Religion, Violence, and Power," "A Full Life: Reflections at Ninety," and "Faith: A Journey for All." (Simon & Schuster/FSG via AP) NEW YORK (AP) — No ex-president had a more prolific and diverse publishing career than Jimmy Carter . His more than two dozen books included nonfiction, poetry, fiction, religious meditations and a children’s story. His memoir “An Hour Before Daylight” was a Pulitzer Prize finalist in 2002, while his 2006 best-seller “Palestine: Peace Not Apartheid” stirred a fierce debate by likening Israel’s policies in the West Bank to the brutal South African system of racial segregation. And just before his 100th birthday, the Dayton Literary Peace Prize Foundation honored him with a lifetime achievement award for how he wielded "the power of the written word to foster peace, social justice, and global understanding.” In one recent work, “A Full Life,” Carter observed that he “enjoyed writing” and that his books “provided a much-needed source of income.” But some projects were easier than others. “Everything to Gain,” a 1987 collaboration with his wife, Rosalynn, turned into the “worst threat we ever experienced in our marriage,” an intractable standoff for the facilitator of the Camp David accords and winner of the Nobel Peace Prize. According to Carter, Rosalynn was a meticulous author who considered “the resulting sentences as though they have come down from Mount Sinai, carved into stone.” Their memories differed on various events and they fell into “constant arguments.” They were ready to abandon the book and return the advance, until their editor persuaded them to simply divide any disputed passages between them. “In the book, each of these paragraphs is identified by a ‘J’ or an ‘R,’ and our marriage survived,” he wrote. Here is a partial list of books by Carter: “Keeping Faith: Memoirs of a President” “The Blood of Abraham: Insights into the Middle East” (With Rosalynn Carter) “Everything to Gain: Making the Most of the Rest of Your Life” “An Outdoor Journal: Adventures and Reflections” “Turning Point: A Candidate, a State, and a Nation Come of Age” “Always a Reckoning, and Other Poems” (With daughter Amy Carter) “The Little Baby Snoogle-Fleejer” “Living Faith” “The Virtues of Aging” “An Hour Before Daylight: Memories of a Rural Boyhood” “Christmas in Plains: Memories” “The Hornet’s Nest: A Novel of the Revolutionary War” “Our Endangered Values: America’s Moral Crisis” “Faith & Freedom: The Christian Challenge for the World” “Palestine: Peace Not Apartheid” “A Remarkable Mother” “Beyond the White House” “We Can Have Peace in the Holy Land: A Plan That Will Work” “White House Diary” “NIV Lessons from Life Bible: Personal Reflections with Jimmy Carter” “A Call to Action: Women, Religion, Violence, and Power” “A Full Life: Reflections at Ninety” The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More Entertainment News Charles Shyer, ‘Father of the Bride’ and ‘Baby Boom’ filmmaker, dies at 83 Dec 29, 2024 2:26 PM 'Sonic 3' and 'Mufasa' battle for No. 1 at the holiday box office Dec 29, 2024 9:55 AM 'Sonic 3' and 'Mufasa' battle for No. 1 at the holiday box office Dec 29, 2024 9:02 AM Featured Flyer
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