USA: Nordstrom has announced its fourth quarter and full-year financial results recently. During the quarter ended January 28, 2017, the fashion retailer noted unexpected earnings which reflect continuous improvements to its operating model.
Total company sales reached US $ 4.2 billion for the fourth quarter, up 2.4 per cent from the same period last year. However, comparable sales decreased 0.9 per cent. Total net sales of US $ 14.5 billion for fiscal year 2016 increased 2.9 per cent compared with net sales of US $ 14.1 billion during fiscal 2015. Total comparable sales for 2016 decreased 0.4 per cent.
Nordstrom has announced its plans to open several stores in fiscal 2017. The company currently has over 349 stores operating in 40 states, Puerto Rico and Canada, a number which includes 123 full-line stores and 215 Nordstrom Rack stores, five Trunk Club clubhouses, two Jeffrey boutiques and two clearance stores. The fashion brand also serves customers through nordstrom.com, nordstromrack.com, and its online private sale site, HauteLook.