Revenue

3 Months Ended

May 04, 2024

Revenue from Contract with Customer [Abstract]

Revenue

NOTE 2: REVENUE

Contract Liabilities

Contract liabilities represent our obligation to transfer goods or services to customers and include deferred revenue for The Nordy Club (including unused points and unredeemed Nordstrom Notes), gift cards and our TD program agreement. Our contract liabilities are classified on the Condensed Consolidated Balance Sheets as follows:

	Other current liabilities	Other liabilities
Balance as of January 28, 2023	$536	$136
Balance as of April 29, 2023	489	123
Balance as of February 3, 2024	508	85
Balance as of May 4, 2024	479	72

Revenues recognized from our beginning contract liability balance were $144 for the quarter ended May 4, 2024 and $137 for the quarter ended April 29, 2023.

Disaggregation of Revenue

The following table summarizes our disaggregated net sales:

	Quarter Ended
	May 4, 2024		April 29, 2023
Nordstrom	$2,040		$2,027
Nordstrom Rack	1,181		1,037
Total net sales	$3,221		$3,064
Digital sales as a % of total net sales	34	%	36%

The following table summarizes the percent of net sales by merchandise category:

	Quarter Ended
	May 4, 2024		April 29, 2023
Women’s Apparel	30	%	29	%
Shoes	26	%	26	%
Men’s Apparel	14	%	15	%
Beauty	12	%	12	%
Accessories	11	%	12	%
Kids’ Apparel	4	%	3	%
Other	3	%	3	%
Total net sales	100	%	100	%