Nordstrom Reports February Sales
SEATTLE, March 6, 2008 /PRNewswire-FirstCall/ -- Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $529 million for the four-week period ended March 1, 2008, a decrease of 3.3 percent compared to sales of $547 million for the four-week period ended March 3, 2007. Same-store sales decreased 5.8 percent.
Sales Recording
To hear Nordstrom's pre-recorded February sales message, please dial (402) 220-6036. This recording will be available for one week.
FEBRUARY SALES RESULTS (unaudited; $ in millions) Total Sales Same-store Sales(2) Percent Fiscal Fiscal Increase/ Full-line Rack 2008 2007(1) (Decrease) Total Stores Stores February $529 $547 (3.3%) (5.8%) (8.3%) 5.8% Number of stores(3) Full-line 102 98 Rack and other(4) 55 53 Faconnable boutiques -- 40 Total 157 191 Gross square footage 20,679,000 20,170,000 (1) Total sales results for fiscal 2007 include sales from the company's international Faconnable boutiques and the company's domestic Faconnable boutiques. (2) Same-store sales results exclude sales from Faconnable. (3) On October 31, 2007, the company completed the sale of Faconnable. (4) On March 3, 2008, the company closed a free-standing shoe store in Honolulu, Hawaii.
Expansion Update
The company plans to open full-line stores at Ala Moana Center in Honolulu, Hawaii, on March 7, 2008, and Burlington Mall in Burlington, Mass., on March 28, 2008.
Future Reporting Dates
Nordstrom's financial release calendar for the next three months is currently planned as follows:
March Sales Release Thurs., April 10, 2008 April Sales Release Thurs., May 8, 2008 First Quarter Earnings Release Thurs., May 15, 2008 May Sales Release Thurs., June 5, 2008
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 156 stores located in 27 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 102 full-line stores, 50 Nordstrom Racks, two Jeffrey boutiques, 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: Media Contact: Chris Holloway, 206-303-3290 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. The company's SEC reports, including its Form 10-K for the fiscal year ended February 3, 2007, contain factors that could affect the company's financial results and cause actual results to differ materially from any forward-looking information the company 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.03/06/2008
CONTACT: investors, Chris Holloway, +1-206-303-3290, or media, Michael
Boyd, +1-206-373-3038, both of Nordstrom, Inc.
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