Skip to main content
Advertising

Originally published January 3, 2013 at 9:28 AM | Page modified January 3, 2013 at 10:22 PM

  • Share:
           
  • Comments (1)
  • Print

Nordstrom sales rose sharply in December

Nordstrom said same-store sales rose 8.6 percent in December compared with a year earlier. The increase was larger than analysts.

The Associated Press

Most Popular Comments
Hide / Show comments
Hmmm..... I thought I noticed a lot more people shopping at the mall last month. I... MORE

advertising

Nordstrom 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.

News where, when and how you want it

Email Icon

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising