Nordstrom net sales grow 1.3% in Q4 FY19

Fashion

Nordstrom net sales grow 1.3% in Q4 FY19

04 Mar `20

2 min read

Nordstrom, a leading fashion retailer, reported 1.3 per cent growth in net sales to $4,439 million in fourth quarter (Q4) FY19 ended on February 1, 2020 compared to same period last year. However, net earnings in the quarter slipped from $248 million to $193 million. Net earnings for complete FY19 reduced to $496 million compared to $564 million in FY18.

 

Nordstrom, a leading fashion retailer, reported 1.3 per cent growth in net sales to $4,439 million in fourth quarter (Q4) FY19 ended on February 1, 2020 compared to same period last year. However, net earnings in the quarter slipped from $248 million to $193 million. Net earnings for complete FY19 reduced to $496 million compared to $564 million in FY18.#

The company reported that digital sales grew 9 per cent and represented 35 per cent of sales in the fourth quarter. Online order pickup contributed more than half of digital sales growth in full-price, as company reported. Gross profit in Q4 reduced slightly to 35 per cent. Selling, general and administrative ("SG&A") expenses, as a percentage of net sales increased to 30.5 per cent compared to 29.8 per cent in same quarter last year.

 

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