Nordstrom, a leading US-based fashion retailer, saw sales increase 44% in the first quarter of the 2021 fiscal year ending May 1, 2021 to $ 2.9 billion. It was. Pre-accounting. Net loss for the quarter fell to $ 166 million (Q1 2020: $ 521 million).
Eric Nordstrom, Nordstrom’s Chief Executive Officer, said in a press release:
The company’s digital revenue in the first quarter of 2009 increased 23% compared to the same period last year, which accounted for 46% of total revenue. Nordstrom brand sales were up 37% to $ 1.8 billion ($ 1.3 billion) and Nordstrom Rack sales were up 59% to $ 1 billion ($ 669 million).
“We continue to serve our long-standing and new customers with the latest and most relevant products, more choices and better service,” said Pete Nordstrom. The brand manager said.
“Great employee efforts and close partnerships with vendors have helped align inventory with current sales trends and fuel the momentum seen in the business and the planning of a strong anniversary sale,” Pete concludes. ..
US fashion retailer Nordstrom’s first-quarter 2009 sales increased 44% to $ 2.9 billion