Headlines

Nordstrom's Ups and Downs

Sales were up in March, but same-store sales decreased slightly

Published

21 years ago

April 10, 2003

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Nordstrom Inc. (Seattle) reported a 2.9 percent increase in sales for the five-week period ending April 5, 2003. A same-store sales decrease of 1.7 percent was said to be in line with the company's recently revised expectations.

Same-store sales in full-line stores increased in the central states and East Coast, but decreased in the Northwest and Southwest.

By merchandise division, same-store sales increased in cosmetics, accessories and women's active wear, while women's shoes and the designer and bridge segments of women's apparel were flat for the month.

Preliminary quarter-to-date figures (starting February 1, 2003) show sales are up 2.7 percent but same-store sales are down 1.9 percent.

Since last year, the company reports, it has added 12 stores — six full-line stores and two Nordstrom Racks, and has increased gross square footage by 6.7 percent.

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