Nordstrom January Same-Store Sales Increase 8.8 Percent
SEATTLE, Feb. 3 /PRNewswire-FirstCall/ -- Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $386.2 million for the four-week period ending January 29, 2005, an increase of 8.9 percent compared to sales of $354.7 million for the four-week period ending January 31, 2004. Same-store sales increased 8.8 percent.
Preliminary fourth quarter sales of $2.1 billion increased 9.4 percent compared to 2003 sales of $1.9 billion for the same period. Fourth quarter same store-sales increased 7.2 percent.
Preliminary full-year sales of $7.1 billion increased 10.9 percent compared to sales of $6.4 billion in 2003. Full-year same-store sales increased 8.5 percent.
SALES RECORDING
To hear Nordstrom's prerecorded January sales message, please dial 402-220-6036. This recording will be available for one week.
SALES SUMMARY (unaudited; January January Q4 Q4 FY FY $ in millions) 2005 2004 2004 2003 2004 2003 Total sales $386.2 $354.7 $2,100.3 $1,919.2 $7,131.3 $6,430.5 Total sales percentage change 8.9% 14.3% 9.4% 11.9% 10.9% 8.4% Same-store sales percentage change 8.8% 8.4% 7.2% 8.3% 8.5% 4.1% Number of stores Full-line 94 92 Rack and other 56 56 International Faconnable boutiques 31 31 Total 181 179 Gross square footage 19,397,000 19,138,000 GAAP SALES PERFORMANCE
The additional information provided in this section is to comply with the Securities and Exchange Commission's Regulation G. The Company converted to a 4-5-4 Retail Calendar at the beginning of 2003. Full-year results for 2003 include one more day than the full-year for 2004. The Company believes that adjusting for this difference provides a more comparable basis from which to evaluate sales performance. The following reconciliation bridges 2003 GAAP sales to the 4-5-4 comparable sales.
% % Change Change Sales FY FY Dollar Total Comp Reconciliation ($M) 2003 2004 Increase Sales Sales Number of Days GAAP 365 364 GAAP Sales 6,448.7 7,131.3 682.6 10.6% 8.2% Less Feb. 1, 2003 sales ($18.2) -- Reported 4-5-4 sales 6,430.5 7,131.3 700.8 10.9% 8.5% 4-5-4 Adjusted Days 364 364 FUTURE REPORTING DATES
Nordstrom's financial release calendar for the next several months is currently planned as follows:
Fourth Quarter Earnings Tues., Feb. 15, 2005 February Sales Release Thurs., Mar. 3, 2005 March Sales Release Thurs., April 7, 2005 April Sales Release Thurs., May 5, 2005
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 150 US stores located in 27 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 94 full-line stores, 49 Nordstrom Racks, five Faconnable boutiques, one free-standing shoe store, and one clearance store. Nordstrom also operates 31 international Faconnable boutiques, primarily in Europe. Additionally, Nordstrom serves customers through its online presence at www.nordstrom.com and through its direct mail catalogs.
SOURCE Nordstrom, Inc. 02/03/2005
CONTACT: investors, Stephanie Allen, +1-206-303-3262, or press, Deniz
Anders, +1-206-373-3038, both of Nordstrom, Inc.
Web site: www.nordstrom.com