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)
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 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
(NORDSTROM LOGO)
         
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 Nordstrom’s 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 company’s domestic Façonnable boutiques through October 31, 2007 and sales from the company’s international and wholesale Façonnable business through August 31, 2007.
 
2   Same-store sales results exclude sales from Façonnable.
Future Reporting Dates
     Nordstrom’s 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 nation’s 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 company’s expected monthly financial results. Such statements are based upon the current beliefs and expectations of the company’s 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 company’s 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 company’s 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 company’s compliance with applicable banking and related laws and regulations impacting the company’s ability to extend credit to its customers, the company’s 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 company’s multi-channel strategy, the company’s ability to safeguard its brand and reputation, efficient and proper allocation of the company’s capital resources, successful execution of the company’s technology strategy, trends in personal bankruptcies and bad debt write-offs, availability and cost of credit, changes in interest rates, the company’s ability to maintain its relationships with its employees and to effectively train and develop its future leaders, the company’s 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 company’s 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.
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