Nordstrom, Inc. (JWN) Reports 10.2% Increase in February Comps, Sales Rose 16.2%
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Price: $20.58 +1.43%
Overall Analyst Rating:
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Up)
Dividend Yield: 4.3%
Revenue Growth %: +0.3%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 4.3%
Revenue Growth %: +0.3%
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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.
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.
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