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Nordstrom reports April sales up by 7.1 %

By FashionUnited

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Nordstrom reported a 7.1 percent increase in same-store

sales for the four-week period ended April 28, 2012, compared with the four-week period ended April 30, 2011. Preliminary total retail sales of $802 million for April 2012 increased 10.5 percent compared with total retail sales of $726 million for the same period in fiscal 2011.

First quarter same-store sales increased 8.5 percent compared with the same period in fiscal 2011. Preliminary first quarter total retail sales of $2.53 billion increased 13.7 percent compared with total retail sales of $2.23 billion for the same period in fiscal 2011.

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 includes sales from both full-line stores and direct because of the 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.

Nordstrom is one of the fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, Washington, today Nordstrom operates 230 stores in 31 states, including 117 full-line stores, 109 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom’s common stock is publicly traded on the NYSE under the symbol JWN.









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