UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) April 12, 2007
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
WASHINGTON 001-15059 91-0515058
(STATE OR OTHER JURISDICTION (COMMISSION FILE (I.R.S. EMPLOYER
OF INCORPORATION) NUMBER) IDENTIFICATION NO.)
1617 SIXTH AVENUE, SEATTLE, WASHINGTON 98101
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (206) 628-2111
INAPPLICABLE
(FORMER NAME OR FORMER ADDRESS IF CHANGED SINCE LAST REPORT)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2 below):
___ Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
___ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
___ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
___ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01 REGULATION FD DISCLOSURE
On April 12, 2007, Nordstrom, Inc. issued a press release announcing
its preliminary March 2007 sales. A copy of this press release is attached as
Exhibit 99.1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
NORDSTROM, INC.
By: /s/ Michael G. Koppel
-----------------------
Michael G. Koppel
Chief Financial Officer and
Executive Vice President
Dated: April 12, 2007
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
99.1 Nordstrom March 2007 Preliminary Sales Release, dated
April 12, 2007.
Exhibit 99.1
For Immediate Release
- ---------------------
April 12, 2007
NORDSTROM SAME-STORE SALES FOR MARCH INCREASE 15.0 PERCENT
SEATTLE - April 12, 2007 - Nordstrom, Inc. (NYSE: JWN) today reported
preliminary sales of $803.2 million for the five-week period ending April 7,
2007, an increase of 14.2 percent compared to sales of $703.2 million for the
five-week period ending April 1, 2006. Same-store sales increased 15.0
percent.
Preliminary quarter-to-date sales of $1.35 billion increased 12.3 percent
compared to sales of $1.20 billion in 2006. Quarter-to-date same-store sales
increased 12.6 percent.
The 53rd week in fiscal 2006 created a timing shift in the 4-5-4 calendar
for fiscal 2007. The month of March in fiscal 2007 began and ended one week
later than in fiscal 2006. This timing shift positively impacted reported
sales results for March 2007, and is expected to have a negative impact on
April 2007 sales results. We expect the same-store sales rate for April 2007
to be below the first quarter 2007 planned mid-single digit growth rate.
Throughout the remainder of fiscal 2007, the timing shift caused by the 53rd
week in fiscal 2006 is anticipated to impact the cadence of monthly same-store
sales results, because normal sales trends, events and holiday periods are
aligned differently than last year.
SALES RECORDING
To hear Nordstrom's prerecorded March sales message, please dial (402)
220-6036. This recording will be available for one week.
SALES SUMMARY Total Sales (1) Same-store Sales
(unaudited; $ in millions) ----------- ----------------
Fiscal Fiscal Percent Total Full-line Rack
2007 2006 Increase Retail Stores Stores
------ ------ -------- ------ --------- ------
March $803.2 $703.2 14.2% 15.0% 13.8% 15.8%
Quarter-to-date $1,349.8 $1,202.3 12.3% 12.6% 11.0% 14.3%
Number of stores
Full-line 98 99
Rack and other 57 57
International Faconnable
boutiques 36 33
--- ---
Total 191 189
Gross square footage 20,170,000 20,214,000
(1) Same-store sales results exclude the impact of the January 2007 closure of
the Crossroads Plaza Mall full-line store in Salt Lake City, Utah, in
preparation for its planned relocation in 2011. Total sales results include
the impact of this store closure.
FUTURE REPORTING DATES
Nordstrom's financial release calendar for the next three months is currently
planned as follows:
April Sales Release Thurs., May 10, 2007
First Quarter Earnings Thurs., May 17, 2007
May Sales Release Thurs., June 7, 2007
June Sales Release Thurs., July 12, 2007
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 155 US stores located in 27 states. Founded in 1901 as a shoe
store in Seattle, today Nordstrom operates 98 full-line stores, 50 Nordstrom
Racks, four Faconnable boutiques in the United States, one free-standing shoe
store, and two clearance stores. Nordstrom also operates 36 Faconnable
boutiques in Europe. 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:
RJ Jones, 206-303-3007 Deniz Anders, 206-373-3038
Certain 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 for the
company's fiscal year ending February 2, 2008, anticipated sales results and
same-store sales rate for April 2007, 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 impact of economic and competitive market forces, the impact of terrorist
activity or the impact of a war on the company, its customers and the retail
industry, the company's ability to predict fashion trends, consumer apparel
buying patterns, trends in personal bankruptcies and bad debt write-offs,
changes in interest rates, employee relations, the company's ability to
continue its expansion plans, the timely completion of construction associated
with newly planned stores, changes in government or regulatory requirements,
the company's ability to control costs, weather conditions and hazards of
nature. Our SEC reports, including our Form 10-K for the fiscal year ended
February 3, 2007, 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. The company
undertakes no obligation to update or revise any forward-looking statements to
reflect subsequent events, new information or future circumstances.
