StudentShare solutions
Triangle menu

SEC-10K - Research Paper Example

Nobody downloaded yet

Extract of sample

It competes with the best fashion and luxury retailers-Saks Fifth Avenue, Bloomingdales and Lord & Taylor. Fiscal Year The company fiscal year comprises 52/53 weeks. The year ends on the Saturday closest to 31st January. The fiscal year 2012 ended on 2nd February 2013 which was a 53 week year. (Nordstrom 10-K filing report, 2013) Financial Statements The consolidated financial statements of the company include the statement of earnings which shows the revenues and expenses incurred as well as the profits made the company; balance sheet which shows the financial position of the company on a specific date; statement of shareholders’ equity which shows the changes in the equity of the company over the year; and statement of cash flows which shows the inflow and outflow of cash during the year. (Nordstrom 10-K filing report, 2013) Sales Nordstrom Inc registered a strong sales growth of 9.6% on YOY basis in 2012. The company’s performance continued to impress the investors when the combined online and store sales per square foot reached $470 in 2012. However, the company saw its cost of goods sold increasing by 12.7% which reduced the company gross margins and signified inefficiencies in the system. The gross margin fell from 37.2% in 2011 to 26.8% in 2012. Nonetheless, the fall in margin was insignificant. The absolute amount of gross profit increased 10.9% due to an increase in the overall sales of the company. (Nordstrom 10-K filing report, 2013) The strong sales growth was tied to the strong Loyalty Program which rewards the repeat customers as well as enhanced consumer service. The company saw an increase in almost in all categories including handbags, clothing and cosmetics. The second half of 2012 saw a significant improvement in sales owing to an increase in sales of women’s apparel. Overall, the women contributed towards 44% of the total sales of the company. (Nordstrom 10-K filing report, 2013) Inventory Nordstrom values its inventory according to lower the cost or market value principle following the retail inventory method. According to this method, the inventory is valued using the pre-calculated cost to retail ratio and the value of ending inventory. In retail industry, reserves for obsolescence are also created based on the consumer demand, inventory trends as well as the changing environment (Nordstrom 10-K filing report, 2013) As leading fashion retail, Nordstrom lays a stress on inventory management to improve its margins; too much inventory increases costs and reduces the margins whereas too less inventory leads to shortages and dissatisfies customers and a negative effect on revenue. Therefore, inventory management plays a pivotal role in the operations at Nordstrom Inc. (Nordstrom 10-K filing report, 2013) The Company has been investing in increased shelf space and racks in 2012 which has led to an increase in inventory by 18.5%. Further insights into the company show that the inventory turnover reduced from 5.56 to 5.37 in 2012 which signaled that the inventory remained on the shelves for 67 days in 2012 as compared to 65 days in 2011. Due to this reduced turnover, the company had more ending inventory per square foot in 2012 equivalent to $53.8 as compared $46.4 in 2011. (Nordstrom 10-K filing report, 2013) Accounts Receivable The management of account receivable measures the efficiency of the company’s operations and management team. The days’ sales outstanding of the company declined to 65 days in 2012 from 70 days in 2011 despite an increase in the receivables ...Show more


NORDSTROM SEC 10-K FILING REPORT Nordstrom Sec 10-K filing Report Nordstrom Sec 10-K Filing Report Introduction Nordstrom Inc, headquartered in Seattle, Washington, is a fashion retailer…
Author : felixrobel
SEC-10K essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Should the Sec replace the FASB
The organization is responsible for setting accounting standards for all public companies within the United States. The main mission of FASB is to establish and improve financial accounting and reporting that will foster financial reporting by non-governmental entities that provide useful information to the public, auditors, investors and other users of financial reports.
2 pages (500 words) Research Paper
Safeway's 10k Form Analysis
Its retail operations are in California, Washington, Oregon, Arizona, and Chicago among other. Safeway also have its operation in Canada. In addition, it has an extensive network of distribution, manufacturing, and processing facilities (Safeway Inc. Annual Report 2011, n.d, p.43).
4 pages (1000 words) Research Paper
The External Environment of Microsoft Inc. (Computer Operating System Industry)
The company operates its business activities in the global software industry and some of its primary products include a wide variety of software and hardware products and services like operating systems for PCs, phones, servers, different server applications, video games, Microsoft Office products, Microsoft PC hardware products, etc (“Company Profile for Microsoft Corp (MSFT)”).
7 pages (1750 words) Research Paper
Sec & terrorism
US identity was also shaped by a belief in God. Taken together, US identity was constructed around a general belief that the US way of life and thinking was not only different but persuasive and the rest of the world would eventually adapt the American way (Jervis, 2010).
11 pages (2750 words) Essay
International finance management
The agency may rate based on the creditworthiness of the issuer of the debt instruments or debt obligations and sometimes the service providers of the underlying debts (not individual customers). The debt instruments, which are normally rated by the credit rating agencies, include corporate bonds, government bonds, preferred stock, municipal bonds and also collateralized securities like collateralized debt obligations or mortgaged backed securities.
10 pages (2500 words) Research Paper
Should the Sec replace the FASB
The main mission of FASB is to establish and improve financial accounting and reporting that will foster financial reporting by non-governmental entities that provide useful
2 pages (500 words) Research Paper
Integration in SEC Football
 Segregation was a hallmark of the United States and the various institutions in the United States after the American Civil War. This is because most people did not really accept African Americans and sought to keep them separated from White communities. Sports in the United States were also segregated. 
16 pages (4000 words) Research Paper
International finance management
The debt instruments, which are normally rated by the credit rating agencies, include corporate bonds, government bonds, preferred stock, municipal bonds and also
10 pages (2500 words) Research Paper
SEC 10K Paper on Target
The company has devoted its operations to technological innovations and a disciplined approach in serving its guests. Target company has two segments, in U.S and Canada, both of which it reports on. The company’s retail operations in its U.S stores are
3 pages (750 words) Assignment
Aceto 10K
the sourcing, marketing, and distribution of finished dosage form generics, pharmaceutical intermediates, nutraceutical products and specialty chemicals worldwide. The company distributes more than 1,100 compounds. Two-thirds of its suppliers are from Asia (about 500 companies).
1 pages (250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us