Nordstrom (JWN) December Comps Rose 8.6%; Updates on Expansion
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Nordstrom, Inc. (NYSE: JWN) today reported an 8.6 percent increase in same-store sales for the five-week period ended December 29, 2012 compared with the five-week period ended December 31, 2011. Preliminary total retail sales of $1.72 billion for December 2012 increased 9.4 percent compared with total retail sales of $1.57 billion for the same period in fiscal 2011.
Quarter-to-date same-store sales increased 5.1 percent compared with the same period in fiscal 2011. Preliminary quarter-to-date total retail sales of $2.65 billion increased 6.6 percent compared with total retail sales of $2.48 billion for the same period in fiscal 2011.
Year-to-date same-store sales increased 7.0 percent compared with the same period in fiscal 2011. Preliminary year-to-date total retail sales of $10.81 billion increased 10.2 percent compared with total retail sales of $9.81 billion for the same period in fiscal 2011.
Nordstrom announced plans to open a full-line store at Mayfair in Wauwatosa, Wisc. in fall 2015 and to relocate the full-line store at South Bay Galleria in Redondo Beach, Calif. to Del Amo Fashion Center in Torrance, Calif. in 2015. Nordstrom also announced plans to open three Nordstrom Rack stores in spring 2013, at Columbia Crossing in Columbia, Md., in downtown Washington D.C. and at Maine Crossing in South Portland, Maine.
Quarter-to-date same-store sales increased 5.1 percent compared with the same period in fiscal 2011. Preliminary quarter-to-date total retail sales of $2.65 billion increased 6.6 percent compared with total retail sales of $2.48 billion for the same period in fiscal 2011.
Year-to-date same-store sales increased 7.0 percent compared with the same period in fiscal 2011. Preliminary year-to-date total retail sales of $10.81 billion increased 10.2 percent compared with total retail sales of $9.81 billion for the same period in fiscal 2011.
Nordstrom announced plans to open a full-line store at Mayfair in Wauwatosa, Wisc. in fall 2015 and to relocate the full-line store at South Bay Galleria in Redondo Beach, Calif. to Del Amo Fashion Center in Torrance, Calif. in 2015. Nordstrom also announced plans to open three Nordstrom Rack stores in spring 2013, at Columbia Crossing in Columbia, Md., in downtown Washington D.C. and at Maine Crossing in South Portland, Maine.
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