Nordstrom Reports April Sales
Preliminary first quarter sales of
SALES RECORDING
To hear Nordstrom’s pre-recorded April sales message, please dial 402-220-6036. This recording will be available for one week.
APRIL SALES RESULTS |
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(unaudited; $ in millions) |
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Total Sales |
Same-store Sales |
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Percent |
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Fiscal |
Fiscal |
Increase/ |
Full-line |
Rack |
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2009 |
2008 |
(Decrease) |
Total |
Stores |
Stores |
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April | $561 | $600 | (6.5%) | (10.8%) | (13.4%) | 4.4% | ||||||||||||
First Quarter | $1,706 | $1,879 | (9.2%) | (13.2%) | (16.5%) | 1.2% | ||||||||||||
Number of stores |
May 2, 2009 |
May 3, 2008 |
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Full-line | 111 | 105 | ||||||||||||||||
Rack and other |
64 |
54 |
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Total |
175 |
159 | ||||||||||||||||
Gross square footage | 22,336,000 | 21,139,000 |
EXPANSION UPDATE
Today, Nordstrom will open a
FUTURE REPORTING DATES
Nordstrom’s financial release calendar for the next three months is currently planned as follows:
First Quarter Earnings Release | Thurs., May 14, 2009 | ||||||
May Sales Release | Thurs., June 4, 2009 | ||||||
June Sales Release | Thurs., July 9, 2009 | ||||||
July Sales Release | Thurs., August 6, 2009 | ||||||
Second Quarter Earnings Release | Thurs., August 13, 2009 |
ANNUAL MEETING OF SHAREHOLDERS
Nordstrom will hold its 2009 Annual Meeting of Shareholders on
ABOUT NORDSTROM
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, 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
Source:
Nordstrom, Inc.
INVESTOR CONTACT:
Rob Campbell,
206-303-3290
or
MEDIA CONTACT:
Brooke White,
206-373-3030