e8vk
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) December 4, 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) |
REGISTRANTS 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
Exchang Act (17 CFR 240.13e-4(c)) |
ITEM 7.01 REGULATION FD DISCLOSURE
On December 4, 2008, Nordstrom, Inc. issued a press release announcing
its preliminary November 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/ David G. Johansen
|
|
|
|
David G. Johansen |
|
|
|
Vice President and
Secretary |
|
|
Dated: December 4, 2008
EXHIBIT INDEX
|
|
|
EXHIBIT |
|
|
NUMBER |
|
DESCRIPTION |
|
|
|
99.1
|
|
Nordstrom November 2008 Preliminary Sales Release, dated
December 4, 2008. |
exv99w1
Exhibit 99.1
|
|
|
|
|
FOR IMMEDIATE RELEASE
|
|
INVESTOR CONTACT:
|
|
Chris Holloway |
December 4, 2008
|
|
|
|
Nordstrom, Inc. |
|
|
|
|
(206) 303-3290 |
|
|
|
MEDIA CONTACT:
|
|
Brooke White |
|
|
|
|
Nordstrom, Inc. |
|
|
|
|
(206) 373-3030 |
NORDSTROM REPORTS NOVEMBER SALES
SEATTLE, Wash. (December 4, 2008) Nordstrom, Inc. (NYSE: JWN) today reported preliminary
sales of $707 million for the four-week period ended November 29, 2008, a decrease of 12.1 percent
compared with sales of $805 million for the four-week period ended December 1, 2007. Same-store
sales for November decreased 15.9 percent compared with the same period in 2007.
Preliminary year-to-date sales of $6.68 billion decreased 6.2 percent compared with sales of
$7.12 billion for the same period in 2007. Year-to-date same-store sales decreased 8.6 percent
compared with the same period in 2007.
Due to the timing of the Thanksgiving holiday, our results for November 2008 were negatively
impacted due to one less week of holiday shopping compared with November 2007.
Sales Recording
To hear Nordstroms pre-recorded November sales message, please dial 800-891-8250 or
402-220-6036. This recording will be available for one week.
NOVEMBER SALES RESULTS
(unaudited; $ in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales |
|
Same-store Sales2 |
|
|
|
|
|
|
|
|
|
|
Percent |
|
|
|
|
|
|
|
|
|
|
Fiscal |
|
Fiscal |
|
Increase/ |
|
|
|
|
|
Full-line |
|
Rack |
|
|
2008 |
|
20071 |
|
(Decrease) |
|
Total |
|
Stores |
|
Stores |
|
|
|
|
|
November |
|
$ |
707 |
|
|
$ |
805 |
|
|
|
(12.1 |
%) |
|
|
(15.9 |
%) |
|
|
(19.2 |
%) |
|
|
(0.6 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year-to-date |
|
$ |
6,678 |
|
|
$ |
7,119 |
|
|
|
(6.2 |
%) |
|
|
(8.6 |
%) |
|
|
(11.9 |
%) |
|
|
4.2 |
% |
|
|
|
|
|
|
|
|
|
|
11/29/08 |
|
12/01/07 |
|
Number of stores |
|
|
|
|
|
|
|
|
Full-line |
|
109 |
|
|
|
101 |
|
|
Rack and other |
|
60 |
|
|
|
56 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
169 |
|
|
|
157 |
|
|
|
|
|
|
|
|
|
|
|
Gross square footage |
|
21,876,000 |
|
|
|
20,542,000 |
|
|
|
|
|
1 |
|
Fiscal 2007 year-to-date total sales results include sales from the companys domestic
Façonnable boutiques through October 31, 2007 and sales from the companys international and
wholesale Façonnable business through August 31, 2007.
|
|
2 |
|
Same-store sales results exclude sales from Façonnable. |
Future Reporting Dates
Nordstroms financial release calendar for the next three months is currently planned as
follows:
|
|
|
December Sales Release
|
|
Thurs., January 8, 2009 |
January Sales Release
|
|
Thurs., February 5, 2009 |
Fourth Quarter Earnings Release
|
|
Mon., February 23, 2009 |
February Sales Release
|
|
Thurs., March 5, 2009 |
Nordstrom, Inc. is one of the nations leading fashion specialty retailers, with 169 stores
located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 109
full-line stores, 56 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.
Certain statements in this news release contain or may suggest forward-looking information
(as defined in the Private Securities Litigation Reform Act of 1995), including the companys
expected monthly financial results. Such statements are based upon the current beliefs and
expectations of the companys management and are subject to significant risks and uncertainties.
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 deteriorating
economic and market conditions and the resultant impact on consumer spending patterns, the
companys ability to respond to the business environment and fashion trends, the competitive
pricing environment within the retail sector, effective inventory management, the effectiveness of
planned advertising, marketing, and promotional campaigns, successful execution of the companys
store growth strategy including the timely completion of construction associated with newly planned
stores, relocations and remodels, all of which may be impacted by the financial health of third
parties, the companys compliance with applicable banking and related laws and regulations
impacting the companys ability to extend credit to its customers, the companys 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 the companys multi-channel
strategy, the companys ability to safeguard its brand and reputation, efficient and proper
allocation of the companys capital resources, successful execution of the companys technology
strategy, trends in personal bankruptcies and bad debt write-offs, availability and cost of credit,
changes in interest rates, the companys ability to maintain its relationships with its employees
and to effectively train and develop its future leaders, the companys ability to control costs,
risks related to fluctuations in world currencies, weather conditions and hazards of nature that
affect consumer traffic and consumers purchasing patterns, and the timing and amounts of share
repurchases by the company. For additional information regarding these and other risk factors,
please refer to the companys SEC reports, including its Form 10-K for the fiscal year ended
February 2, 2008. The company undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events, new information or future circumstances.
###