Nordstrom Rack

TORONTO — Nordstrom is partnering with Cadillac Fairview to open its first full-line stores in Canada beginning fall of 2014. The company will lease four stores at premier shopping centres located in Calgary, Ottawa, Toronto and Vancouver.

Nordstrom will be moving into space that will be vacated by Sears and then renovated at Pacific Centre in Vancouver, Calgary's Chinook Centre, Rideau Centre in Ottawa, with a new-construction store opening in Toronto's Sherway Gardens.

Boston -- CBRE/Grossman Retail Advisors said that Nordstrom will open a new Nordstrom Rack at The Newbry in Boston’s Back Bay neighborhood, further expanding its presence in the Boston market to four full-line stores and four Nordstrom Racks.

The approximately 38,000-sq.-ft., two-level store is scheduled to open spring 2013.
 

Seattle -- Nordstrom Inc. will open its outlet format Nordstrom Rack at The Newbury in Boston’s Back Bay area.

The two-level, 38,000-sq.-ft. store is scheduled to open in spring 2013. It will replace the former Filene’s Basement space.

Currently, Nordstrom opens four full-line stores and four Nordstrom Racks in the Boston market.
 

Seattle -- Nordstrom reported Thursday that net earnings for the quarter ended Jan. 28 rose 1.7% to $236 million, compared with $232 million in the year-ago period.

Sales rose 12.5 % to $3.17 billion, and same-store sales increased 7.1%. Nordstrom Rack sales rose 17.7% in the quarter, to $85 million.

For the full year, total net sales were $10.5 billion, representing the highest in the company’s history. Net earnings were up 11.4% to $683 million, compared with $613 million a year earlier.

Seattle -- Nordstrom Inc. reported Thursday that profit for the quarter ended Oct. 29 rose 6.7% to $127 million, compared with $119 million in the year-ago period.

Net sales rose 14.2% to $2.4 billion, surpassing Wall Street’s expected $2.35 billion and up from $2.1 billion a year earlier.  Same-store sales climbed 7.9%.

The company opened two full-line department stores – in Nashville and St. Louis -- and nine Nordstrom Rack stores during the quarter.
 

Seattle -- Nordstrom reported Thursday that net income for its second quarter rose 20% to $175 million, compared with $146 million in the year earlier period.

Revenue surged 12.4% to $2.72 billion, benefited by strong promotions and matching Wall Street estimates. Same-store sales rose a solid 7.3%. The department store retailer has raised its profit outlook for the full year.

Its outlet concept Nordstrom Rack saw net sales increase 23.4% to $92 million, and same-store sales rose 4.8%.

Seattle -- Nordstrom said its third-quarter profit rose a more-than-expected 43% to $119 million on improved sales and margin improvements. The company raised the low end of its fiscal year profit forecast.

Revenues rose to $2.18 billion from $1.96 billion. Same-store sales increased 5.8%.

Best-selling items were jewelry, shoes and dresses.

"Our customers are highly receptive to newness and fashion in spite of the soft economic climate," company president Blake Nordstrom said in a conference call with analysts.