By  on May 9, 2012

Nordstrom Inc. is poised for another strong year.


“We think it’s going to be a great 2012,” Blake Nordstrom, president of Nordstrom Inc., said at the retailer’s annual meeting on Wednesday in Seattle, which was upbeat, devoid of any controversy, and marked by executives noting sustained investments in technology and its number-one competitive edge — customer service.

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Nordstrom further lifted the mood when he said the company will today report a 13.7 percent total sales increase for the first quarter, and a comparable-store increase of 8.5 percent. In 2011, Nordstrom posted a 12.7 percent sales rise, and a 7.2 percent comparable-store increase. He also cited a strong rate of inventory turn, 5.6 percent.

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