Nordy's Same Store January Sales Drop Almost 4 Percent

We wanted to start off the morning with some good news, but after twenty minutes of scanning headlines, we gave up. Nordstrom's 2008 fourth quarter sales were down 8.5 percent, which is significant, but the double-whammy is that crappy start to the New Year. For comparison as to how tight pocketbooks are getting, same store sales are down 11 percent compared to January 2007. We don't like that. Seattle fashion is already a little too thrift-store friendly for our tastes.