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Nordstrom to unveil 17 new outlets in 2013

RBR Staff Writer Published 22 February 2013

US-based department store chain Nordstrom plans to unveil 17 new stores in the 2013 fiscal as part of its expansion plans.

Sixteen of the stores will be Nordstrom Rack-branded outlets while one of the stores will be a full-line outlet.

The retailer also plans to re-locate three of its existing stores - two in the state of California and one in Hawaii.

On the financial side, total sales are expected to increase 4.5% to 6.5% with same stores sales up 3.5% to 5.5%.

Nordstrom announced that the sales for the 2012 fiscal total $11.8bn, registering a 12.1% increase over 2011 figures.

The company has stated that it has maintained a consistent performance by recording a double-digit growth in net revenues for the last three consecutive years.

Same store sales for the fiscal rose 7.3%, year-on-year.

Among product categories, men's apparel, cosmetics, kids' apparel, and women's apparel have witnessed strong performance boosted by strong sales.