Nordstrom Q4 profit up 1.7%, to open 15 stores in 2012

Seattle -- Nordstrom reported Thursday that net earnings for the quarter ended Jan. 28 rose 1.7% to $236 million, compared with $232 million in the year-ago period.

Sales rose 12.5 % to $3.17 billion, and same-store sales increased 7.1%. Nordstrom Rack sales rose 17.7% in the quarter, to $85 million.

For the full year, total net sales were $10.5 billion, representing the highest in the company’s history. Net earnings were up 11.4% to $683 million, compared with $613 million a year earlier.

Nordstrom has announced plans to open one full-line department store – at City Creek Center in Salt Lake City, in March -- as well as 14 Nordstrom Rack stores in fiscal 2012.
 

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