Free Subscription

  • Access 15 free news articles each month


Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

Nordstrom’s digital sales boost results

Nordstrom2Seattle-based retailer Nordstrom posted a better-than-expected profit and revenue for the quarter buoyed by its digital performance.

The department store chain posted a 5.8 per cent increase in sales to $3.56 billion for the first quarter ending May 5 thanks in part to a Nordstrom Rewards event. Sales from the event accounted for 54 per cent of all purchases for the quarter.

Nordstrom’s comparable sales were at 0.6 per cent, falling short of analysts’ estimate which was at one per cent.

Digital sales, which includes the retailer’s online shopping and other tools like buy online, store pickup, store reserve and digital personal shopping tool Style Board, grew 18 per cent compared to the same period last year.

Nordstrom announced it expects full year earnings to be at $3.35 to $3.55 per share, with renue in the range of $15.2 billion to $15.4 billion.

While other department store retailers have closed some stores, Nordstrom has continued its expansion plans. The company has opened eight stores to start the year, including the chain’s Men’s Store in Manhattan, its first full-line store in New York, last month and seven Nordstrom Rack locations in the US and Canada.

Nordstrom will also open its flagship store in New York late next year. The Men’s store offers customers the option to pick up goods they bought online 24 hours a day.

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.


You have 7 free articles.

Masterclasses are for professionals only

Only $5 p/m for first 3 months
Become a Professional Already a professional? Login
  • Daily exclusive Members Only content straight to your inbox
  • Access to exclusive Retail Week events including all 4 Masterclasses 28 February - 3 March
  • Retail insights and intelligence
  • On-demand videos with industry professionals
  • Weekly careers advice specific to retailers
  • Independent research reports and forecasts
  • Q&A with industry experts
  • Content, content, content! Weekly and quarterly magazines