Nordstrom, Inc. has reported preliminary sales of $324.6 million for the month of January 2002, an increase of 0.1 percent compared to sales of $324.4 million for the month of January 2001. Same-store sales declined 2.7 percent.
The retail department store chain is headquartered in Seattle and has an anchor store at Providence Place.
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Preliminary fourth quarter sales of $1.6 billion decreased 1.4 percent compared to 2001 quarter-to-date sales of $1.7 billion. Quarter-to-date same-store sales declined 3.4 percent. Preliminary year-to-date
sales of $5.6 billion increased 1.9 percent compared to 2001 year-to-date sales of $5.5 billion. Year-to-date same-store sales declined 2.9 percent.
After adjusting for the impact of differences in the specific days of the week that comprised January 2002 compared to January 2001, including the removal of January 1, 2002 sales, total sales for January 2002 decreased approximately 2.4 percent, and same-store sales declined approximately 5.5 percent. Adjusted same-store sales in full-line stores decreased in all geographic regions, and decreased in all merchandise categories except cosmetics.
