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Nordstrom Profits Fall 5.6%

Fourth quarter net earnings declined to $268 million compared with $284 million for the same quarter last year.

Nordstrom Inc. said its fourth quarter net earnings declined to $268 million compared with $284 million for the same quarter last year. Total company same-store sales increased 2.6 percent, compared with last year’s increase of 6.3 percent. For the year ended Feb. 1, net earnings were $734 million, essentially flat compared to earnings of $735 million the year before. Net sales for the year were $12.2 billion, compared to $11.8 billion the year before.

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