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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) March 5, 2009
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
         
WASHINGTON
(STATE OR OTHER JURISDICTION
OF INCORPORATION) 		  001-15059
(COMMISSION FILE
NUMBER) 		  91-0515058
(I.R.S. EMPLOYER
IDENTIFICATION NO.)
     
1617 SIXTH AVENUE, SEATTLE, WASHINGTON
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) 		  98101
(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 March 5, 2009, Nordstrom, Inc. issued a press release announcing its preliminary February 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.
         
  NORDSTROM, INC.
 		  
  By:   /s/ Michael G. Koppel    
    Michael G. Koppel   
    Executive Vice President and
Chief Financial Officer 		  
 
Dated: March 5, 2009

 

 

EXHIBIT INDEX
     
EXHIBIT    
NUMBER   DESCRIPTION
 
    
99.1
  Nordstrom February 2009 Preliminary Sales Release, dated March 5, 2009.

 

exv99w1
Exhibit 99.1
(NORDSTROM LOGO)
         
FOR IMMEDIATE RELEASE
  INVESTOR CONTACT:   Chris Holloway
March 5, 2009
      Nordstrom, Inc.
 
      (206) 303-3290
 
        
 
  MEDIA CONTACT:   Brooke White
 
      Nordstrom, Inc.
 
      (206) 373-3030
NORDSTROM REPORTS FEBRUARY SALES
     SEATTLE, Wash. (March 5, 2009) – Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $471 million for the four-week period ended February 28, 2009, a decrease of 10.9 percent compared with sales of $529 million for the four-week period ended March 1, 2008. Same-store sales for February decreased 15.4 percent compared with the same period in fiscal 2008.
Sales Recording
     To hear Nordstrom’s pre-recorded February sales message, please dial 402-220-6036. This recording will be available for one week.
February Sales Results
(unaudited; $ in millions)
                                                 
    Total Sales     Same-store Sales  
 
    Fiscal     Fiscal     Percent             Full-line     Rack  
    2009     2008     Decrease     Total     Stores     Stores  
February
   $ 471     $ 529       (10.9 %)     (15.4 %)     (19.7 %)     (0.6 %)
 
                                                
Number of stores
     2/28/09       3/01/08                                  
Full-line
     109       102                                  
Rack and other
     60       55                                  
 
                                            
Total
     169       157                                  
 
                                            
Gross square footage
     21,876,000       20,679,000                                  
Expansion Update
     On March 6, 2009, Nordstrom plans to relocate and open a new full-line store at Fashion Place in Murray, Utah. On March 27, 2009, Nordstrom plans to open a new full-line store at the Cherry Hill Mall in Cherry Hill, New Jersey.
     The company also plans to open two new Nordstrom Rack stores in the upcoming fiscal month at Bergen Town Center in Paramus, New Jersey and Park Lane in Dallas, Texas.
Future Reporting Dates
     Nordstrom’s financial release calendar for the next three months is currently planned as follows:
         
 
  March Sales Release   Thurs., April 9, 2009
 
  April Sales Release   Thurs., May 7, 2009
 
  First Quarter Earnings Release   Thurs., May 14, 2009
 
  May Sales Release   Thurs., June 4, 2009
About Nordstrom
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, planned store relocations and openings and trends in company operations. 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, its Form 10-Q for the fiscal quarter ended November 1, 2008 and its Form 10-K for the fiscal year ended January 31, 2009 to be filed with the SEC on or about March 20, 2009. 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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