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current news

Nordstrom 4q Sales +10.3%

(Filed Under Financial and General Interest News). Sales were looking up at Nordstrom, Inc. during the fourth quarter. During the period ended January 30th, 2010, the company posted a 6.9 percent increase in same-store sales compared to the same period of fiscal 2008. Net sales increased 10.3 percent, to $2.54 billion from $2.30 billion.

Full-line same store sales increased 3.9 percent, while Nordstrom Direct sales grew 31.1 percent. The midwest, south and northwest were the best-performing regions for the full-line division.

Nordstrom Rack, the company’s off-price chain, experienced its fourth consecutive quarter of positive performance with same-store sales up 4.6 percent.

According to Nordstrom, Inc, the fourth quarter’s success was due to the breadth and quality of its merchandise offering, combined with a steady flow of fashion into stores, leading to a same-store increase during each month of the quarter.

At the end of the fourth quarter, Nordstrom, Inc. ran 184 stores in 28 states, comprised of 112 full-line stores, 69 Nordstrom Racks, two Jeffrey boutiques and one clearance store. For further information, contact Ron Campbell in the investor relations department of the company by calling (206) 303-3290.

more Financial and General Interest News >>

Published 02-22-2010 by Amanda Torres Price

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