World Footwear

Companies

Nordstrom earnings exceed expectations

Feb 24, 2017 United States
 Nordstrom earnings exceed expectations
The Seattle-based company today reported fourth quarter earnings that exceeded expectations, reflecting continuous improvements to its operating model
For fiscal 2016, earnings per diluted share of 2.02 US dollars exceeded the company's expectations driven by continued operational efficiencies in inventory and expense execution.

In 2016, Nordstrom reached record sales of 14.5 billion US dollars, achieving several milestones in executing its growth plans:
• Continued market expansion into Canada contributed 300 US dollars million in total sales;
• Nordstrom.com sales reached over 2.5 billion US dollars, representing approximately 25% of Nordstrom full-price sales;
• Nordstrom Rack sales grew by 11% to 4.5 billion US dollars driven by 21 new store openings and 32 percent online growth.

Total company net sales of 4.2 billion US dollars for the fourth quarter increased by 2.4% compared with net sales of 4.1 billion US dollars during the same period in fiscal 2015. Total company comparable sales for the fourth quarter decreased by 0.9%.

Total company net sales of 14.5 billion US dollars for fiscal year 2016 increased by 2.9% compared with net sales of 14.1 billion US dollars during the same period in fiscal 2015. Comparable sales for the fiscal year 2016 decreased 0.4%.

Related Events

  • Feb
    25
    Feb 25-Feb 26, 2025 | Manchester, New Hampshire, United States

    Boston Shoe Travelers

  • Mar
    1
    Mar 1-Mar 4, 2025 | Portland, United States

    The Northwest Market

  • Mar
    2
    Mar 2-Mar 4, 2025 | Chicago, United States

    Chicago Collective Women's Edition

  • Mar
    10
    Mar 10-Mar 12, 2025 | Los Angeles, United States

    Brand Assembly Los Angeles

Related Organizations

  • FIT - Fashion Institute of Technology

    FIT - Fashion Institute of Technology

    United States
  • ALCA - American Leather Chemists Association

    ALCA - American Leather Chemists Association

    United States
  • FFANY - Fashion Footwear Association of New York

    FFANY - Fashion Footwear Association of New York

    United States
  • PLC - Pensole Lewis College of Business & Design

    PLC - Pensole Lewis College of Business & Design

    United States