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Seattle -- Nordstrom Inc. on Thursday reported that its fourth-quarter profit rose 20% to $284 million, compared to $236 million a year earlier. The company also forecast further increases in same-store sales for its new fiscal year.
Revenue for the three months ended Feb. 2 rose 13.5% to $3.6 billion, from $3.17 billion. Same-store sales, which consist of the full-line and direct businesses, rose 6.3%.
Direct sales surpassed $1 billion dollars this year for the first time in Nordstrom’s history, driven by a same-store sales increase of 31% in the fourth quarter on top of last year’s increase of 35% for the same period. Direct sales growth