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Nordstrom December revenue increase beats expectations

Nordstrom Inc. said Thursday that a key revenue figure rose 8.6 percent in December compared with a year earlier. The increase was larger than analysts had expected.

Published: Jan. 4, 2013 at 12:05 a.m. PST
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Nordstrom Inc. said Thursday that a key revenue figure rose 8.6 percent in December compared with a year earlier. The increase was larger than analysts had expected.

Analysts had expected a revenue increase of 3.4 percent at stores open at least a year, according to a survey by Thomson Reuters.

The comparison covered the five weeks ended Dec. 29 and is considered a good indication of retail health as it excludes results from stores opened or closed in the past year.

Overall revenue for December totaled $1.72 billion, up 9.4 percent from the same month in 2011.

The Seattle-based department store operator said sales were particularly strong in the last week of the season.

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