Nordstrom 4th-quarter net income rises - 13 WTHR Indianapolis

Nordstrom 4th-quarter net income rises

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SEATTLE -

Nordstrom says its fourth-quarter net income rose 20 percent as high-end shoppers kept spending on clothing and makeup, and customers responded positively to its service improvements.

High-end spending has stayed strong despite the uncertain economy. Nordstrom has also improved customer service with free shipping offers and checkouts via mobile devices anywhere in the store.

The Seattle-based retailer says net income rose to $284 million, or $1.40 per share, from $236 million or $1.11 per share a year ago. That beat analysts' expectations of $1.35 per share.

Revenue rose 13 percent to $3.70 billion, which matched analysts' expectations.

Sales in stores open at least a year rose by 6.3 percent. Top performing categories included men's, women's and kids apparel as well as makeup.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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