Nordstrom key revenue figure rises 6.3 percent; jewelry, dresses women’s shoes top categories
By APThursday, September 2, 2010
Nordstrom August revenue comparison rises
nortSEATTLE — Luxury department store Nordstrom Inc. said Thursday that its revenue at stores open at least a year rose 6.3 percent in August, just beating Wall Street expectations.
Jewelry, dresses and women’s shoes were among the best sellers during the month.
Sales in the South, Mid-Atlantic and Midwest regions were the strongest while Southern California was weaker.
Analysts surveyed by Thomson Reuters had expected the figure to rise 5.9 percent. The revenue measurement is a key indicator of a retailer’s performance because it excludes growth at stores that open or close during the year.
Overall revenue for the four-week period ended Aug. 28 rose 14 percent to $615 million from $541 million in the same period last year.
Year-to-date, revenue in stores open at least one year rose 9.5 percent, while total revenue rose 14 percent to $5.02 billion, from $4.39 billion, a year earlier.
