SEATTLE--(BUSINESS WIRE)--Jan. 9, 2018--
Nordstrom, Inc. (NYSE: JWN) today announced an increase in its net sales
of 2.5 percent and an increase in comparable sales of 1.2 percent for
the nine weeks ended December 30, 2017, compared with the same period
last year. This reflected an improvement in Nordstrom full-line and
Nordstrom Rack stores relative to year-to-date sales trends and
continued growth in e-commerce at Nordstrom.com and
Nordstromrack.com/HauteLook.
In the Nordstrom brand, including U.S. and Canada full-line stores and
Nordstrom.com, net sales when combined with Trunk Club, increased 0.7
percent and comparable sales increased 1.0 percent. In the Nordstrom
Rack brand, which consists of Nordstrom Rack stores and
Nordstromrack.com/HauteLook, net sales increased 8.2 percent and
comparable sales increased 2.9 percent.
Based on holiday results, the Company has updated its fiscal 2017
expectations for an increase in net sales of approximately 4.2 percent,
inclusive of the 53rd week, and an increase in comparable
sales of approximately 0.5 percent. Nordstrom expects full-year earnings
per diluted share to be in a range of $2.90 to $2.95, compared with its
prior outlook of $2.85 to $2.95. This reflects sales performance near
the high end of the Company’s outlook range, continued stability in
merchandise margins and expected deleverage from higher supply chain,
technology, and occupancy expenses associated with Nordstrom’s growth
initiatives. The Company’s updated outlook does not incorporate the
potential impact of federal tax reform.
The Company is scheduled to report its fourth quarter and full-year 2017
financial results after the close of the financial markets on Thursday,
March 1, 2018. Additional detail on the Company’s financial performance
will be provided at that time.
ABOUT NORDSTROM
Nordstrom, Inc. is a leading fashion retailer based in the U.S. Founded
in 1901 as a shoe store in Seattle, today Nordstrom operates 366 stores
in 40 states, including 122 full-line stores in the United States,
Canada and Puerto Rico; 232 Nordstrom Rack stores; two Jeffrey
boutiques; two clearance stores; seven Trunk Club clubhouses; and its
Nordstrom Local service concept. Additionally, customers are served
online through Nordstrom.com, Nordstromrack.com, HauteLook, and
TrunkClub.com. 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) that involve risks and uncertainties
including, but not limited to, our anticipated financial outlook for the
fiscal year ending February 3, 2018, our anticipated annual total and
comparable sales rates, our anticipated new store openings in existing,
new and international markets, our anticipated Return on Invested
Capital and trends in our operations. Such statements are based upon the
current beliefs and expectations of our management and are subject to
significant risks and uncertainties. Our actual future results may
differ materially from historical results or current expectations
depending upon factors including, but not limited to: successful
execution of our customer strategy, including expansion into new
domestic and international markets, acquisitions, investments in our
stores and online, as well as investments in technology, our ability to
realize the anticipated benefits from growth initiatives and our ability
to provide a seamless experience across all channels; our ability to
respond to the business and retail environment, fashion trends and
consumer preferences, including changing expectations of service and
experience in stores and online, and evolve our business model; timely
and effective execution of our ecommerce initiatives and ability to
manage the costs and organizational changes associated with this
evolving business model; successful execution of our information
technology strategy; our ability to effectively utilize data in
strategic planning and decision making; 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; efficient and proper allocation of our capital resources; the
impact of any systems or network failures, cybersecurity and/or security
breaches, including any security breach of our systems or those of a
third party provider that results in the theft, transfer or unauthorized
disclosure of customer, employee or Company information or compliance
with information security and privacy laws and regulations in the event
of such an incident; effective inventory management processes and
systems, fulfillment processes and systems, disruptions in our supply
chain and our ability to control costs; the effect of the announcement
by the members of the Nordstrom family relating to the exploration of a
possible “going private transaction” on our relationships with our
customers, employees, suppliers and partners, operating results and
business generally; our ability to safeguard our reputation and maintain
our vendor relationships; our ability to maintain relationships with and
motivate our employees and to effectively attract, develop and retain
our future leaders, which could be impacted by the uncertainty about the
possibility of a “going private transaction;” our ability to realize the
expected benefits, respond to potential risks and appropriately manage
costs associated with our program agreement with TD Bank USA, N.A.
(“TD”); the effectiveness of planned advertising, marketing and
promotional campaigns in the highly competitive and promotional retail
industry; potential goodwill impairment charges, future impairment
charges and fluctuations in the fair values of reporting units or of
assets in the event projected financial results are not achieved within
expected timeframes; the timing, price, manner and amounts of future
share repurchases by the Company, if any, or any share issuances by the
Company, including issuances associated with option exercises or other
matters; the impact of economic and market conditions and the resultant
impact on consumer spending patterns; the impact of economic or
political conditions in the U.S. and countries where our third party
vendors operate; weather conditions, natural disasters, health hazards,
national security or other market disruptions, or the prospects of these
events and the resulting impact on consumer spending patterns or
information technology systems and communications; our compliance with
applicable domestic and international laws, regulations and ethical
standards, including those related to banking, employment and tax and
the outcome of claims and litigation and resolution of such matters; the
impact of the current regulatory environment and financial system and
health care reforms; and compliance with debt covenants, availability
and cost of credit, changes in our credit rating, changes in interest
rates, debt repayment patterns and personal bankruptcies. Our SEC
reports, including our Form 10-K for the fiscal year ended January 28,
2017, and our Form 10-Q for the fiscal quarters ended April 29, 2017,
July 29, 2017 and October 28, 2017, contain other information on these
and other factors that could affect our financial results and cause
actual results to differ materially from any forward-looking information
we may provide. The Company undertakes no obligation to update or revise
any forward-looking statements to reflect subsequent events, new
information or future circumstances, except as required by law.

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Source: Nordstrom, Inc.
Nordstrom, Inc.
INVESTOR CONTACT: Trina Schurman,
206-303-6503
MEDIA CONTACT: Gigi Ganatra Duff, 206-303-3030