Nordstrom Overcomes Department Store Woes With Strong E-Commerce and Its Off-Price Stores
Nordstrom closed 2018 with a fourth quarter that was in line with its mid-January update. While Nordstrom reported healthy same-store sales of 4.0% in the off-price channel for the quarter, same-store sales of negative 1.6% in the full-price business were disappointing. The full-price channel was affected by slow sales of women’s apparel on poor merchandising and discounting at competing branded stores. Nordstrom’s 2018 fourth-quarter sales of $4.38 billion missed our forecast of $4.55 billion, ...Nordstrom is a fashion retailer providing a selection of brand-name and private label apparel, shoes, cosmetics and accessories for women, men, young adults and children. The company serves customers through two businesses: Full-Price and Off-Price. The company's operations consist of the company's Nordstrom U.S. and Canada full-line stores, U.S. and Canada Nordstrom Rack stores, Jeffrey boutiques, Last Chance clearance stores, Trunk Club clubhouses and Nordstrom Local. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com, HauteLook and TrunkClub.com.
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