Nordstrom reported net sales for the first quarter ended April 30 were $432.09 million compared with $369.35 million for the same period last year, a 17 percent increase.

The retailer said net earnings for the first quarter were $19.20 million, up from $15.21 million a year earlier, a 26 percent increase. On a per share basis, net earnings were 24 cents compared with 19 cents.The company opened two new stores - for a total of 58 - during the first quarter, including its first on the East Coast. That store was opened in March at Tyson's Corner Center near Washington D.C. On April 15, the company opened a store in the Stonestown Galleria, in San Francisco.

The largest store in the chain, to open Oct. 17, is under construction in downtown San Francisco.

The annual meeting of shareholders will be held May 17, at the St. Francis Hotel in San Francisco.