SEATTLE--(BUSINESS WIRE)--Nov. 5, 2009--
Nordstrom, Inc. (NYSE: JWN) today reported a 6.5 percent increase in
same-store sales for the four-week period ended October 31, 2009
compared with the four-week period ended November 1, 2008. Preliminary
total retail sales of $607 million for October 2009 increased 14.8
percent compared with total retail sales of $529 million for the same
period in fiscal 2008.
Third quarter same-store sales decreased 1.2 percent compared with the
same period in fiscal 2008. Preliminary third quarter total retail sales
of $1.87 billion increased 3.5 percent compared with total retail sales
of $1.80 billion for the same period in fiscal 2008.
Year-to-date same-store sales decreased 8.4 percent compared with the
same period in fiscal 2008. Preliminary year-to-date total retail sales
of $5.72 billion decreased 4.2 percent compared with total retail sales
of $5.97 billion for the same period in fiscal 2008.
SALES RECORDING
To hear Nordstrom’s pre-recorded October sales message, please dial
402-220-6036. This recording will be available for one week.
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OCTOBER SALES RESULTS
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(unaudited; $ in millions)
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Total Retail Sales
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Same-store Sales
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Fiscal
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Fiscal
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% Increase/
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Full-line
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Rack
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2009
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2008
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(Decrease)
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Total
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Stores
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Stores
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October
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$607
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$529
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14.8%
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6.5%
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3.7%
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5.9%
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Third Quarter
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$1,868
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$1,805
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3.5%
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(1.2%)
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(4.2%)
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3.0%
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Year-to-date
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$5,719
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$5,971
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(4.2%)
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(8.4%)
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(11.4%)
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1.8%
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Number of stores
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October 31,
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November 1,
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2009
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2008
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Full-line
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112
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108
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Rack and other
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70
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58
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Total
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182
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166
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Gross square footage
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22,702,000
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21,717,000
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EXPANSION UPDATE
In October, Nordstrom opened three Nordstrom Rack stores at Hastings
Village in Pasadena, California; Westfield Oakridge in San Jose,
California; and Gateway Center in Austin, Texas.
In November, Nordstrom plans to open two Nordstrom Rack stores at
Millennia Crossing in Orlando, Florida and Rookwood Pavilion in
Cincinnati, Ohio.
FUTURE REPORTING DATES
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Nordstrom’s planned financial release calendar for the next three
months currently includes:
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Third Quarter Earnings Release
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Thurs., November 12, 2009
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November Sales Release
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Thurs., December 3, 2009
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December Sales Release
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Thurs., January 7, 2010
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January Sales Release
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Thurs., February 4, 2010
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Fourth Quarter Earnings Release
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Mon., February 22, 2010
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ABOUT NORDSTROM
Nordstrom, Inc. is one of the nation’s leading fashion specialty
retailers, with 182 stores located in 28 states. Founded in 1901 as a
shoe store in Seattle, today Nordstrom operates 112 full-line stores, 67
Nordstrom Racks, two Jeffrey boutiques, and one clearance store. In
addition, Nordstrom serves customers through its online presence at www.nordstrom.com
and through its catalogs. Nordstrom, Inc.’s common stock is publicly
traded on the NYSE under the symbol JWN.
Certain statements in this news release contain or may suggest
“forward-looking” information (as defined in the Private Securities
Litigation Reform Act of 1995), including the company’s planned store
openings and trends in company operations. Such statements are based
upon the current beliefs and expectations of the company’s management
and are subject to significant risks and uncertainties. Actual future
results and trends may differ materially from historical results or
current expectations depending upon factors including, but not limited
to, the impact of deteriorating economic and market conditions and the
resultant impact on consumer spending patterns, the company’s ability to
respond to the business environment and fashion trends, the company’s
ability to safeguard its brand and reputation, effective inventory
management, efficient and proper allocation of the company’s capital
resources, successful execution of the company’s store growth
strategy including the timely completion of construction associated with
newly planned stores, relocations and remodels, all of which may be
impacted by the financial health of third parties, the company’s
compliance with applicable banking and related laws and regulations
impacting the company’s ability to extend credit to its customers,
trends in personal bankruptcies and bad debt write-offs, availability
and cost of credit, impact of the current regulatory environment and
financial system reforms, changes in interest rates, disruptions in the
company’s supply chain, the company’s ability to maintain its
relationship with vendors and developers who may be experiencing
economic difficulties, the geographic locations of the company’s stores,
the company’s ability to maintain its relationships with its employees
and to effectively train and develop its future leaders, the company’s
compliance with information security and privacy laws and regulations,
employment laws and regulations and other laws and regulations
applicable to the company, successful execution of the company’s
information technology strategy, successful execution of the company’s
multi-channel strategy, risks related to fluctuations in world
currencies, weather conditions and hazards of nature that affect
consumer traffic and consumers' purchasing patterns, the effectiveness
of planned advertising, marketing, and promotional campaigns, the
company’s ability to control costs, and the timing and amounts of share
repurchases by the company. For additional information regarding these
and other risk factors, please refer to the company’s SEC reports,
including its Form 10-K for the fiscal year ended January 31, 2009 and
its Form 10-Q for the fiscal quarter ended August 1, 2009. The
company undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events, new information or future
circumstances.
Source: Nordstrom, Inc.
Nordstrom, Inc.
INVESTORS:
Rob Campbell, 206-303-3290
MEDIA:
Colin
Johnson, 206-373-3036