Nordstrom, Inc. (NYSE:JWN) today reported a 10.2 percent increase in same-store sales for the four-week period ended February 25, 2012 compared with the four-week period ended February 26, 2011. Preliminary total retail sales of $704 million for February 2012 increased 16.2 percent compared with total retail sales of $606 million for the same period in fiscal 2011.
February 2012 included a shift in the timing of a shoe clearance event relative to last year. It improved total February same-store sales by an estimated 200 to 250 basis points and will reduce total March same-store sales by an estimated 150 to 200 basis points.
To hear Nordstrom’s pre-recorded February sales message, please dial (402) 220-6036 beginning today at 8:40 a.m. EST. This recording will be available for one week.
|FEBRUARY SALES RESULTS|
(unaudited; $ in millions)
|Total Retail Sales||Same-store Sales|
Number of stores
|Nordstrom Rack and other||108||89|
|Gross square footage||24,623,000||23,838,000|
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