UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) August 9, 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/A 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
This Form 8-K/A amends the Form 8-K filed by Nordstrom, Inc. on August 9, 2007
disclosing its preliminary July 2007 sales. In the Form 8-K, the dates on the
cover page, in the item 7.01 description, on the signature page, in the
exhibit description and contained in the exhibit were incorrect. This Form 8-
K/A amends the Form 8-K to provide the correct dates.
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: August 10, 2007
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
99.1 Nordstrom July 2007 Preliminary Sales Release, dated
August 9, 2007.
Exhibit 99.1
For Immediate Release
- ---------------------
August 9, 2007
NORDSTROM SAME-STORE SALES FOR JULY INCREASE 9.4 PERCENT
SEATTLE - August 9, 2007 - Nordstrom, Inc. (NYSE: JWN) today reported
preliminary sales of $900.5 million for the four-week period ending August 4,
2007, an increase of 6.9 percent compared to sales of $842.6 million for the
four-week period ending July 29, 2006. Same-store sales increased 9.4
percent.
Preliminary second quarter sales of $2.39 billion increased 5.2 percent
compared to sales of $2.27 billion during the same period in 2006. Second
quarter same-store sales increased 5.9 percent.
Preliminary year-to-date sales of $4.34 billion increased 7.0 percent
compared to sales of $4.06 billion during the same period in 2006. Year-to-
date same-store sales increased 7.5 percent.
The 53rd week in fiscal 2006 created a timing shift in the 4-5-4 calendar
for fiscal 2007. The month of July in fiscal 2007 began and ended one week
later than in fiscal 2006. This timing shift positively impacted sales
results for the month of July and negatively impacted sales for the second
quarter of 2007.
SALES RECORDING
To hear Nordstrom's prerecorded July sales message, please dial (402) 220-
6036. This recording will be available for one week.
SALES SUMMARY Total Sales (1)(2) Same-store Sales (1)(2)
(unaudited; $ in millions) ----------- ----------------
Fiscal Fiscal Percent Total Full-line Rack
2007 2006 Increase Retail Stores Stores
------ ------ -------- ------ --------- ------
July $900.5 $842.6 6.9% 9.4% 9.5% 11.7%
Second Quarter $2,389.5 $2,270.5 5.2% 5.9% 5.3% 9.6%
Year-to-date $4,343.4 $4,057.7 7.0% 7.5% 6.3% 10.9%
Number of stores
Full-line 98 99
Rack and other 59 57
International Faconnable
boutiques 37 34
--- ---
Total 194 190
Gross square footage 20,191,000 20,217,000
(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.
(2) Total sales results include the impact of the sales return reserve. Same-
store sales results exclude the reserve in calculations.
2007 ANNUAL SALES OUTLOOK
Throughout the remainder of 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. Outlined below is the company's same-store
sales plan by quarter for the remainder of fiscal 2007, and the anticipated
impact on each reporting period from the 53rd week timing shift:
Period Same-Store sales plan FY2006 53rd week timing shift impact
3rd Quarter 2007 4 to 5 percent Positive
4th Quarter 2007 2 to 3 percent Negative
2007 Fiscal Year 5 to 6 percent Not material
Historically, the second and fourth quarters are larger sales volume
periods than the first and third quarters of the year.
2007 THIRD QUARTER SALES OUTLOOK
The timing shift from the fiscal 2006 53rd week is expected to have a
positive impact on our third quarter 2007 sales results.
When compared to the planned same-store sales rate of four to five percent
for the 2007 third quarter, the monthly same-store sales rates in August and
September are expected to be above the anticipated quarterly rate. In October,
the planned same-store sales rate is expected to be below the anticipated
quarterly rate.
FUTURE REPORTING DATES
Nordstrom's financial release calendar for the next three months is
currently planned as follows:
Second Quarter Earnings Thurs., August 16, 2007
August Sales Release Thurs., Sept. 6, 2007
September Sales Release Thurs., Oct. 11, 2007
October Sales Release Thurs., Nov. 8, 2007
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 157 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, two Jeffrey boutiques,
one free-standing shoe store, and two clearance stores. Nordstrom also
operates 37 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 Michael Boyd, 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 rates for the 2007 third and fourth quarters, the
anticipated impact on same-store sales rates for those periods due to the
fiscal 2006 53rd week timing shift, 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, our
ability to respond to the business environment and fashion trends, effective
inventory management, the impact of economic and competitive market forces,
successful execution of our store growth strategy including the timely
completion of construction associated with newly planned stores, our
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 our multi-channel strategy, our ability
to safeguard our brand and reputation, efficient and proper allocation of our
capital resources, successful execution of our technology strategy, the impact
of terrorist activity or war on our customers and the retail industry, trends
in personal bankruptcies and bad debt write-offs, changes in interest rates,
our ability to control costs, our ability to maintain our relationships with
our employees, 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.