US: Nordstrom Q1 profit edges up on sales rise
By Richard Woodard | 11 May 2012
- Q1 net profit up 2.9% to US$149m
- Net sales up 13.7% to $2.53bn
- Driven by strong growth in direct segment
Strong growth in the consumer direct channel and a double-digit revenue rise helped retailer Nordstrom to grow its first quarter net profit.
The US company affirmed its full-year earnings guidance following an 8.7% rise in same store sales, a 44.2% surge in direct revenues, and a 19.6% sales increase at Nordstrom Rack.
Net sales for the company’s full-line and direct businesses were up 10.8%, with same store sales rising 9.3%.
The best performing categories included handbags, women’s shoes and men’s shoes, Nordstrom said.
“Nordstrom’s first quarter performance was consistent with the company’s expectations, reflecting continued strength in same store sales across multiple channels, combined with planned significant investments in the business to improve the customer shopping experience and to enhance the platform for sustainable, profitable growth,” the company added.
Sectors: Apparel, Finance, Footwear, Retail
Companies: Nordstrom
View next/previous articles
Currently reading -
US: Nordstrom Q1 profit edges up on sales rise
11 May 2012 -
Related research
Nordstrom | Verdict Company Briefing
A new one-stop destination for unique data and opinion on Nordstrom's offer. Targeted at retailers, and stakeholders of the department store chain, we assess its performance, strategic direction and provide Verdict's view on its future....
Nordstrom, Inc. (JWN) - Financial and Strategic SWOT Analysis Review
Nordstrom, Inc. (Nordstrom) is a specialty fashion retail company. The company's product portfolio comprises fashion apparels, shoes, cosmetics, accessories and others. The company offers brand name and private label merchandise through its Nordstrom...
Nordstrom, Inc.: Retail Company Profile, SWOT & Financial Report
"Nordstrom, Inc.: Retail Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, business description, competitive benchmarking, SWOT analysis, Ke...
Related articles
There are currently no comments on this article
Be the first to comment on this article