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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 10, 2008
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):
  o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
  o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
  o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
  o   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 10, 2008, Nordstrom, Inc. issued a press release announcing its preliminary March 2008 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/ Lisa G. Iglesias    
    Lisa G. Iglesias   
    Executive Vice President, General Counsel and Corporate Secretary   
 
Dated: April 10, 2008

 


 

EXHIBIT INDEX
     
EXHIBIT    
NUMBER   DESCRIPTION
 
   
99.1
  Nordstrom March 2008 Preliminary Sales Release, dated April 10, 2008.

 

exv99w1
 

Exhibit 99.1
For Immediate Release
April 10, 2008
NORDSTROM REPORTS MARCH SALES
     SEATTLE — April 10, 2008 — Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $750 million for the five-week period ended April 5, 2008, a decrease of 6.7 percent compared to sales of $803 million for the five-week period ended April 7, 2007. Same-store sales decreased 9.1 percent.
     Preliminary quarter-to-date sales of $1.28 billion decreased 5.3 percent compared to sales of $1.35 billion in 2007. Quarter-to-date same-store sales decreased 7.8 percent.
     The monthly same-store sales results in March were negatively impacted by the timing shift of the Easter holiday from April into March as all stores were closed on Easter. Going forward, April same-store sales results are expected to be positively impacted by this shift.
Sales Recording
     To hear Nordstrom’s pre-recorded March sales message, please dial 800-891-8250. This recording will be available for one week.
                                                 
MARCH SALES RESULTS   Total Sales     Same-store Sales2  
(unaudited; $ in millions)                   Percent                      
    Fiscal     Fiscal     Increase/             Full-line     Rack  
    2008     20071     (Decrease)     Total     Stores     Stores  
             
March
    $750       $803       (6.7 %)     (9.1 %)     (11.4 %)     1.7 %
Quarter-to-date
    $1,279       $1,350       (5.3 %)     (7.8 %)     (10.1 %)     3.5 %
Number of stores
                                               
Full-line
    104       98                                  
Rack and other
    54       53                                  
Façonnable boutiques3
          40                                  
 
                                           
Total
    158       191                                  
 
                                           
Gross square footage
    21,017,000       20,170,000                                  
 
1   Total sales results for fiscal 2007 include sales from the company’s international and domestic Façonnable boutiques.
 
2   Same-store sales results exclude sales from Façonnable.
 
3   On October 31, 2007, the company completed the sale of Façonnable.
Expansion Update
     The company plans to open a full-line store at The Mall at Partridge Creek in Clinton Township, Mich., on April 18, 2008.
Future Reporting Dates
     Nordstrom’s financial release calendar for the next three months is currently planned as follows:
     
April Sales Release
  Thurs., May 8, 2008
First Quarter Earnings Release
  Thurs., May 15, 2008
May Sales Release
  Thurs., June 5, 2008
June Sales Release
  Thurs., July 10, 2008
     Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 158 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 104 full-line stores, 50 Nordstrom Racks, two Jeffrey boutiques, and two clearance stores. In addition, Nordstrom serves customers through its online presence at 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 2, 2008, 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.