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Nordstrom records tough April and quarter

Nordstrom records tough April
By Tiffany Montgomery
May 08, 2008 6:50 AM

While many retailers reported positive same-store sales in April, Nordstrom recorded a 3.8 percent same-store sales decline.


For the first quarter, same-store sales fell 6.5 percent, below the 3 to 5 percent decline the company expected.


Strong categories during April: Cosmetics, designer product across all categories and women's activewear, hosiery and intimates.


Strong regions: South and Midwest


Other news: Nordstrom is moving up its half-yearly sale for women and children two weeks early. The sale will now start May 21. The company said it wants to better align the sale with Memorial Day weekend.

 


More on: Nordstrom, earnings, sales

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