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) February 5, 2009
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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WASHINGTON
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001-15059
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91-0515058 |
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(STATE OR OTHER JURISDICTION
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(COMMISSION FILE
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(I.R.S. EMPLOYER |
OF INCORPORATION)
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NUMBER)
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IDENTIFICATION NO.) |
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1617 SIXTH AVENUE, SEATTLE, WASHINGTON
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98101 |
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
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(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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 February 5, 2009, Nordstrom, Inc. issued a press release announcing
its preliminary January 2009 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.
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NORDSTROM, INC.
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By: |
/s/ Michael G. Koppel
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Michael G. Koppel |
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Executive Vice President
and Chief Financial Officer |
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Dated: February 5, 2009
EXHIBIT INDEX
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EXHIBIT |
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NUMBER |
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DESCRIPTION |
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99.1
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Nordstrom January 2009 Preliminary Sales Release, dated February 5, 2009. |
exv99w1
Exhibit 99.1
For Immediate Release
February 5, 2009
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INVESTOR CONTACT:
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Chris Holloway Nordstrom, Inc. (206) 303-3290
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MEDIA CONTACT: |
Brooke White Nordstrom, Inc. (206) 373-3030 |
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NORDSTROM REPORTS JANUARY SALES
SEATTLE,
Wash. (February 5, 2009) Nordstrom, Inc. (NYSE: JWN) today reported preliminary
sales of $468 million for the four-week period ended January 31, 2009, a decrease of 3.7
percent1 compared with sales of $486 million for the four-week period ended February 2,
2008. Same-store sales for January decreased 11.4 percent compared with the same period in fiscal
2007.
Preliminary fourth quarter sales of $2.30 billion decreased 8.5 percent compared with sales of
$2.51 billion during the same period in fiscal 2007. Fourth quarter same-store sales decreased
12.5 percent compared with the same period in fiscal 2007.
Preliminary fiscal year 2008 sales of $8.27 billion decreased 6.3 percent compared with sales
of $8.83 billion for the same period in fiscal 2007. Fiscal year 2008 same-store sales decreased
9.0 percent compared with the same period in fiscal 2007.
Sales Recording
To hear Nordstroms pre-recorded January sales message, please dial 800-891-8250 or
402-220-6036. This recording will be available for one week.
JANUARY SALES RESULTS
(unaudited; $ in millions)
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Total Sales1 |
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Same-store Sales1,3 |
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Percent |
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Fiscal |
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Fiscal |
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Increase/ |
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Full-line |
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Rack |
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2008 |
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20072 |
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(Decrease) |
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Total |
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Stores |
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Stores |
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January |
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$ |
468 |
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$ |
486 |
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(3.7 |
%) |
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(11.4 |
%) |
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(18.1 |
%) |
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(2.2 |
%) |
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Fourth Quarter |
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$ |
2,301 |
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$ |
2,514 |
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(8.5 |
%) |
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(12.5 |
%) |
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(15.8 |
%) |
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(1.5 |
%) |
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Fiscal Year |
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$ |
8,272 |
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$ |
8,828 |
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(6.3 |
%) |
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(9.0 |
%) |
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(12.4 |
%) |
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3.1 |
% |
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Number of stores |
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1/31/09 |
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2/02/08 |
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Full-line |
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109 |
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101 |
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Rack and other |
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60 |
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55 |
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Total |
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169 |
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156 |
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Gross square footage |
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21,876,000 |
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20,502,000 |
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1 |
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Total sales results for January include the impact of the sales return reserve, which
was higher than last year, and positively impacted January total sales as a result. Same-store
sales results are not impacted by the reserve calculations. |
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Fiscal 2007 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. |
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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:
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Fourth Quarter Earnings Release
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Mon., February 23, 2009 |
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February Sales Release
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Thurs., March 5, 2009 |
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March Sales Release
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Thurs., April 9, 2009 |
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April Sales Release
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Thurs., May 7, 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 result. 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 and its Form 10-Q for the fiscal quarter ended November 1, 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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