Nordstrom, a US-based leading fashion retailer, has announced its fourth quarter (Q4) results of FY20 ended on January 30, 2021. Net sales for the quarter declined 20 per cent to $3.55 billion (Q4 FY19: $4.43 billion). However, company’s digital sales increased 24 per cent representing 54 per cent of the total business during the reported period.
Nordstrom, a US-based leading fashion retailer, has announced its fourth quarter (Q4) results of FY20 ended on January 30, 2021. Net sales for the quarter declined 20 per cent to $3.55 billion (Q4 FY19: $4.43 billion). However, company's digital sales increased 24 per cent representing 54 per cent of the total business during the reported period.#
Sales of Nordstrom brand slipped 19 per cent to $2.45 billion ($3.01 billion), while Nordstrom Rack sales fell 23 per cent to $1.09 billion ($1.42 billion).
Nordstrom, a US-based leading fashion retailer, has announced its fourth quarter (Q4) results of FY20 ended on January 30, 2021. Net sales for the quarter declined 20 per cent to $3.55 billion (Q4 FY19: $4.43 billion). However, company's digital sales increased 24 per cent representing 54 per cent of the total business during the reported period.#
“Over the quarter, we successfully scaled capabilities across both of our powerful brands — Nordstrom and Nordstrom Rack,” Erik Nordstrom, chief executive officer of Nordstrom, said in a press release.
Nordstrom, a US-based leading fashion retailer, has announced its fourth quarter (Q4) results of FY20 ended on January 30, 2021. Net sales for the quarter declined 20 per cent to $3.55 billion (Q4 FY19: $4.43 billion). However, company's digital sales increased 24 per cent representing 54 per cent of the total business during the reported period.#
Company’s earnings before interests and income taxes for Q4 fell to $30 million ($299 million). Whereas, net earnings for the quarter decreased to $33 million ($193 million). Nordstrom’s top performing merchandise categories included home, active and beauty for the quarter.
Nordstrom, a US-based leading fashion retailer, has announced its fourth quarter (Q4) results of FY20 ended on January 30, 2021. Net sales for the quarter declined 20 per cent to $3.55 billion (Q4 FY19: $4.43 billion). However, company's digital sales increased 24 per cent representing 54 per cent of the total business during the reported period.#
“As we execute our long-term growth strategy to get closer to our customers than ever before, we’re confident in our ability to unlock the full potential of our digital-first platform to gain market share and drive profitable growth,” Nordstrom said.
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