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Nordstrom up by 14.7% in March'12

Apr 5, 2012

Nordstrom, Inc. reported an 8.6 percent increase in same-store sales for the five-week

period ended March 31, 2012 compared with the five-week period ended April 2, 2011. Preliminary total retail sales of $1.03 billion for March 2012 increased 14.7 percent compared with total retail sales of $897 million for the same period in fiscal 2011.

Quarter-to-date same-store sales increased 9.2 percent compared with the same period in fiscal 2011. Preliminary quarter-to-date total retail sales of $1.73 billion increased 15.3 percent compared with total retail sales of $1.50 billion for the same period in fiscal 2011.

Same-store sales include sales from stores that have been open at least one full year as of the beginning of the fiscal year. Nordstrom includes sales from both full-line stores and Direct because of the integration of these two channels. Total same-store sales include accounting adjustments that are not allocated to Nordstrom and Nordstrom Rack. Same-store sales exclude sales made through Haute Look, Nordstrom’s online private sale subsidiary, which was acquired in the first quarter of 2011.

Nordstrom, Inc. is one of the USA's leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 226 stores in 30 states, including 117 full-line stores, 105 Nordstrom Racks, two Jeffrey boutiques, one treasure & bond store and one clearance store.
 

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