Nordstrom Posts Record Quarterly Sales

U.S. retailer Nordstrom posted record sales for the November-through-January quarter, which includes the all-important Christmas shopping season, and the highest rise in same-store sales for 10 years.

Sales at the home products retailer that also sells a wide range of jewelry rose 10.4 percent to a record $1.9 billion.

For the full year, same-store sales - a key retail barometer that excludes new and closed stores - climbed 4.3 percent, the largest gain since 1994.

The robust sales figures boosted the bottom line as Nordstrom posted a quarterly profit of $104.3 million, well beyond Wall Street profit forecasts.