Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Jody Knoblich
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
jknoblich@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

Nordstrom key revenue figure rose sharply in Dec.

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY  |  COMMENTS
Asssociated Press
Published:
SEATTLE -- Nordstrom Inc. said Thursday that a key revenue figure rose 8.6 percent in December compared with a year earlier. The increase was larger than analysts had expected.
Analysts had expected a revenue increase of 3.4 percent at stores open at least a year, according to a survey by Thomson Reuters.
The comparison covered the five weeks ended Dec. 29 and is considered a good indication of retail health as it excludes results from stores opened or closed in the past year.
Nordstrom shares rose $1.37, or 2.6 percent, to $55 in morning trading. Its shares have traded in a range of $46.27 to $58.44,
Overall revenue for December totaled $1.72 billion, up 9.4 percent from the same month in 2011.
The Seattle-based department store operator said sales were particularly strong in the last week of the season, as shoppers got a full weekend before Christmas, which fell on a Tuesday.
Children's and women's clothing and handbags were among the strongest categories, the company said. Sales were strongest in the Midwest and South.
For the first 11 months of Nordstrom's fiscal year, revenue was $10.81 billion, up 10.2 percent from a year ago, and revenue at stores open at least a year were up 7 percent.
Nordstrom has about 240 stores including 117 department stores and 119 Nordstrom Rack outlet locations.

MORE HBJ HEADLINES

CALENDAR

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus

Market roundup