Nordstrom Reports February 2003 Sales
SEATTLE, Mar 5, 2003 /PRNewswire-FirstCall via COMTEX/ -- Nordstrom, Inc.
(NYSE: JWN) today reported preliminary sales of $367.6 million for the four-week
period ending March 1, 2003, an increase of 2.4 percent compared to sales of
$359.1 million for the four-week period ending March 2, 2002. Same-store sales
decreased 2.3 percent, in-line with company expectations. February sales were
unfavorably impacted by severe weather conditions, which resulted in multiple
days of store closures on the East Coast.
(Photo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO )
For the four-week period, same-store sales in full-line stores increased in the Central States region and were flat in the Northwest and Southwest geographic regions. Same-store sales increased in the Cosmetics, Women's Designer and Accessories merchandise divisions.
FUTURE REPORTING DATESNordstrom's financial release calendar for the next several months is provided in the table below.
March Sales Release Wed., April 9, 2003 April Sales Release Wed., May 7, 2003 First Quarter Earnings Mon., May 19, 2003 Annual Meeting Tue., May 20, 2003 May Sales Release Wed., June 4, 2003Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 142 US stores located in 27 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 88 full-line stores, 47 Nordstrom Racks, five Faconnable boutiques, one free-standing shoe store, and one clearance store. Nordstrom also operates 23 international Faconnable boutiques, primarily in Europe. Additionally, Nordstrom serves customers through its online presence at http://www.nordstrom.com and through its direct mail catalogs.
SALES SUMMARY Feb. Feb. YTD YTD (unaudited; 2003 2002 2003 2002 $ in millions) Total sales $367.6 $359.1 $367.6 $359.1 Total sales percentage change 2.4% 0.6% 2.4% 0.6% Same-store sales percentage change Full-line stores (2.3%) (4.3%) (2.3%) (4.3%) Rack and other stores (2.6%) (2.8%) (2.6%) (2.8%) All stores (2.3%) (4.1%) (2.3%) (4.1%) Number of stores (as of March 1, 2003) Full-line 88 80 Rack and other 54 51 International Faconnable boutiques 23 24 Total 165 155 Gross square footage (as of March 1, 2003) 18,385,000 17,011,000Certain statements in this news release contain "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties, including anticipated results, store openings and distribution channels, planned capital expenditures, and trends in company operations. Actual future results and trends may differ materially from historical results or current expectations depending upon factors including, but not limited to, the company's ability to predict fashion trends, consumer apparel buying patterns, the company's ability to control costs, weather conditions, hazards of nature such as earthquakes and floods, trends in personal bankruptcies and bad debt write-offs, changes in interest rates, employee relations, the company's ability to continue its expansion plans, and the impact of economic and competitive market forces, including the impact of terrorist activity or the impact of a war on the company, its customers and the retail industry. Our SEC reports may 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.
CONTACT: Investors, Stephanie Allen, +1-206-303-3262, or Media, Shasha Richardson, +1-206-373-3038, both of Nordstrom, Inc.
SOURCE Nordstrom, Inc.
CONTACT: Investors, Stephanie Allen, +1-206-303-3262, or Media, Shasha Richardson, +1-206-373-3038, both of Nordstrom, Inc. /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, 1-888-776-6555 or +1-212-782-2840 URL: http://www.nordstrom.com http://www.prnewswire.com
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