Nordstrom’s 4Q profits up 1.7 percent



NEW YORK (AP) — Upscale department store operator Nordstrom Inc. is reporting that its fourth-quarter profit rose 1.7 percent as its affluent shoppers continued to spend.

The company said late Thursday that it earned $236 million, or $1.11 per share, in the quarter that ended Jan. 28. That compares with $232 million, or $1.04 per share, a year earlier.

Sales, excluding credit card revenue, rose 12.5 percent to $3.17 billion from $2.82 billion.

Analysts expected $1.10 per share on revenue of $3.17 billion, according to FactSet.

The important retail metric of revenue at stores open at least a year climbed 7.1 percent.

The department store is based in Seattle.