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Two Puget Sound-based retailers report August sales boosts

Post by John Gillie / The News Tribune on Aug. 30, 2012 at 3:05 pm with No Comments »
August 30, 2012 3:27 pm

August was a good month for two of Puget Sound’s biggest retailers.

Nordstrom’s report of a 21 percent increase in same-store sales during August blew past analyst’s predictions of an 11 percent increase.

The high-end fashion retailer attributed at least part of the increase to the timing of its anniversary sale. Eight days of that sale fell during August this year compared with just one day in 2011.

Meanwhile, at Issaquah-based Costco, same store sales were up 7 percent. Part of the increase was due to higher gas prices, which were countered by lower exchange rates.

Costco stock closed up $1.48 a share or 1.52 percent Thursday. The closing price was $98.59 a share.

Nordstrom stock was down.

Nationwide, August retail sales were up 3.6 percent in August. That compares with a prediction of a 2 percent gain from Thompson Reuters.

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