This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nordstrom Reports January Sales

Nordstrom, Inc. (NYSE:JWN) today reported a 5.0 percent increase in same-store sales for the four-week period ended January 28, 2012 compared with the four-week period ended January 29, 2011. Preliminary total retail sales of $688 million for January 2012 increased 13.2 percent compared with total retail sales of $607 million for the same period in fiscal 2010.

Fourth quarter same-store sales increased 7.1 percent compared with the same period in fiscal 2010. Preliminary fourth quarter total retail sales of $3.17 billion increased 12.5 percent compared with total retail sales of $2.82 billion for the same period in fiscal 2010.

Fiscal year 2011 same-store sales increased 7.2 percent compared with fiscal year 2010. Preliminary fiscal year 2011 total retail sales of $10.50 billion increased 12.7 percent compared with total retail sales of $9.31 billion for fiscal year 2010.

SALES RECORDING

To hear Nordstrom’s pre-recorded January sales message, please dial (402) 220-6036 beginning today at 8:40 a.m. EST. This recording will be available for one week.

 
JANUARY SALES RESULTS

(unaudited; $ in millions)

 
  Total Retail Sales       Same-store Sales

Fiscal

2011

 

Fiscal

2010

  Percent

Increase

Total   Nordstrom  

Nordstrom

Rack

January $688   $607   13.2% 5.0%   5.3%   1.3%
 
Fourth quarter $3,169 $2,816 12.5% 7.1% 8.4% 2.2%
 
Fiscal year $10,497 $9,310 12.7% 7.2% 8.2% 3.7%
 

Number of stores

Jan-12   Jan-11
Nordstrom 117 115
Nordstrom Rack and other 108 89
Total 225 204
 
Gross square footage 24,745,000 23,838,000
 

SAME-STORE SALES

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, formerly referred to as “Multi-Channel,” includes sales from both full-line stores and Direct because of the substantial 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 HauteLook, Nordstrom’s online private sale subsidiary, which was acquired in the first quarter of 2011.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs