Nordstrom, Inc. reported a 5.1% increase in same-store sales for the five-week period ended April 2, 2011 compared with the five-week period ended April 3, 2010. Preliminary total retail sales of $897 million for March 2011 increased 10.1% compared with total retail sales of $815 million for the same period in fiscal 2010.
Quarter-to-date same-store sales increased 6.0% compared with the same period in fiscal 2010. Preliminary quarter-to-date total retail sales of $1.50 billion increased 11.0% compared with total retail sales of $1.35 billion for the same period in fiscal 2010.
MARCH SALES RESULTS
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(unaudited; $ in millions)
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Total Retail Sales | Same-store Sales | ||||||||||||||||||||||||||
Fiscal
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Fiscal
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Percent
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Nordstrom
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2011
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2010
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Increase
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Total
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Nordstrom(1)
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Rack
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March | $897 | $815 | 10.1% | 5.1% | 5.5% | (0.1%) | |||||||||||||||||||||
Quarter-to-date | $1,503 | $1,354 | 11.0% | 6.0% | 7.1% | 0.6% | |||||||||||||||||||||
Number of stores | 4/2/11 | 4/3/10 | |||||||||||||||||||||||||
Nordstrom | 115 | 113 | |||||||||||||||||||||||||
Nordstrom Rack and other | 94 | 76 | |||||||||||||||||||||||||
Total | 209 | 189 | |||||||||||||||||||||||||
Gross square footage | 24,021,000 | 23,067,000 | |||||||||||||||||||||||||
(1)Nordstrom, formerly referred to as �â¬ï¿½Multi-channel,�â¬ï¿½ includes Nordstrom full-line stores and Direct. | |||||||||||||||||||||||||||
EXPANSION UPDATE
In March, Nordstrom opened five Nordstrom Rack stores at The Promenade Shops in Aventura, Fla.; Sunset Valley Village in Austin, Tex.; The Parks at Arlington Mall in Arlington, Tex.; Pacific Commons in Fremont, Calif.; and Carolina Pavilion in Charlotte, N.C.
In April, Nordstrom plans to open a Nordstrom full-line store at Christiana Mall in Newark, Del. and a Nordstrom Rack store at Belmar in Lakewood, Colo. Additionally, Nordstrom plans to relocate its Nordstrom Rack store at Flatiron Marketplace in Broomfield, Colo. to the Twenty Ninth Street shopping center in Boulder, Colo.