Nordstrom Reports December 2007 Sales
SEATTLE, Jan. 10, 2008 /PRNewswire-FirstCall/ -- Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $1,222.9 million for the five-week period ending January 5, 2008, a decrease of 3.8 percent compared to sales of $1,271.3 million for the five-week period ending December 30, 2006. Same-store sales decreased 4.0 percent.
Due to the calendar shift in the 2007 retail 4-5-4 calendar, a week of holiday shopping shifted from December to November results, which negatively impacted December results. Our preliminary quarter-to-date same-store sales, which combine November and December results, increased 0.7 percent. Quarter-to-date total sales increased 0.3 percent, from $2.02 billion in 2006 to $2.03 billion in 2007.
Preliminary year-to-date sales of $8.34 billion increased 4.9 percent compared to sales of $7.95 billion during the comparable period in 2006. Year-to-date same-store sales increased 4.5 percent.
Sales Recording
To hear Nordstrom's pre-recorded December sales message, please dial (402) 220-6036. This recording will be available for one week.
DECEMBER SALES RESULTS Total Sales(1) Same-store Sales(2)
(unaudited; $ in millions) Percent
Fiscal Fiscal Increase/ Full-line Rack
2007 2006 (Decrease) Total Stores Stores
December $1,222.9 $1,271.3 (3.8%) (4.0%) (6.6%) 5.4%
Quarter-to-date $2,027.8 $2,020.8 0.3% 0.7% (1.0%) 7.4%
Year-to-date $8,341.6 $7,950.6 4.9% 4.5% 3.1% 9.2%
Number of stores(3)
Full-line 101 99
Rack and other 55 53
Faconnable boutiques 0 41
Total 156 193
Gross square
footage 20,502,000 20,315,000
(1) Total sales results include the impact of the sales return reserve and
sales from our international Faconnable boutiques through August 31, 2007
and our domestic Faconnable boutiques through October 31, 2007.
(2) Same-store sales results exclude the impact of the sales return
reserve and sales from Faconnable.
(3) On October 31, 2007, we completed the previously announced sale of
Faconnable.
Future Reporting Dates
Nordstrom's financial release calendar for the next three months is currently planned as follows:
January Sales Release Thurs., February 7, 2008
Fourth Quarter Earnings Release Mon., February 25, 2008
February Sales Release Thurs., March 6, 2008
March Sales Release Thurs., April 10, 2008
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 156 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 101 Full-line stores, 50 Nordstrom Racks, two Jeffrey boutiques, one free-standing shoe store, and two clearance stores. In addition, Nordstrom serves customers through its online presence at http://www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
Investor Contact:
Chris Holloway, 206-303-3290
Media Contact:
Michael Boyd, 206-373-3038
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 involves risks and uncertainties. Our SEC reports, including our Form 10-K for the fiscal year ended February 3, 2007, contain 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.
SOURCE Nordstrom, Inc.
01/10/2008
CONTACT: investors, Chris Holloway, +1-206-303-3290, or media, Michael
Boyd, +1-206-373-3038, both of Nordstrom, Inc.
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