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) April 9, 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 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
Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01 REGULATION FD DISCLOSURE
On April 9, 2009, Nordstrom, Inc. issued a press release announcing
its preliminary March 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/ Daniel F. Little
|
|
|
|
Daniel F. Little |
|
|
|
Executive Vice President and
Chief Administrative Officer |
|
|
Dated: April 9, 2009
EXHIBIT INDEX
|
|
|
EXHIBIT |
|
|
NUMBER |
|
DESCRIPTION |
|
|
|
99.1
|
|
Nordstrom March 2009 Preliminary Sales Release, dated
April 9, 2009. |
exv99w1
Exhibit 99.1
|
|
|
|
|
|
FOR IMMEDIATE RELEASE
|
|
INVESTOR CONTACT: Rob Campbell |
April 9, 2009
|
|
Nordstrom, Inc. |
|
|
(206) 303-3290 |
|
|
|
|
|
MEDIA CONTACT: Brooke White |
|
|
Nordstrom, Inc. |
|
|
(206) 373-3030 |
NORDSTROM REPORTS MARCH SALES
SEATTLE, Wash. (April 9, 2009) Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales
of $674 million for the five-week period ended April 4, 2009, a decrease of 10.1 percent compared
with sales of $750 million for the five-week period ended April 5, 2008. Comp store sales for
March decreased 13.5 percent compared with the same period in fiscal 2008. March sales were
favorably affected by a Nordstrom Rewards triple point event for Nordstrom cardholders, partially
offset by the unfavorable impact in the timing shift of the Easter holiday from March into April.
Preliminary quarter-to-date sales of $1.14 billion decreased 10.5 percent compared with sales
of $1.28 billion for the same period in fiscal 2008. Quarter-to-date comp store sales decreased
14.3 percent compared with the same period in fiscal 2008.
Sales Recording
To hear Nordstroms pre-recorded March sales message, please dial 402-220-6036. This
recording will be available for one week.
March Sales Results
(unaudited; $ in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales |
|
Comp Store Sales |
|
|
|
|
|
|
|
|
|
|
Percent |
|
|
|
|
|
|
|
|
|
|
Fiscal |
|
Fiscal |
|
Increase/ |
|
|
|
|
|
Full-line |
|
Rack |
|
|
2009 |
|
2008 |
|
(Decrease) |
|
Total |
|
Stores |
|
Stores |
|
|
|
|
|
March |
|
$ |
674 |
|
|
$ |
750 |
|
|
|
(10.1 |
%) |
|
|
(13.5 |
%) |
|
|
(16.9 |
%) |
|
|
0.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter-to-date |
|
$ |
1,145 |
|
|
$ |
1,279 |
|
|
|
(10.5 |
%) |
|
|
(14.3 |
%) |
|
|
(18.0 |
%) |
|
|
(0.2 |
%) |
|
|
|
|
|
|
|
|
|
Number of stores |
|
April 4, 2009 |
|
April 5, 2008 |
Full-line |
|
|
110 |
|
|
|
104 |
|
Rack and other |
|
|
63 |
|
|
|
54 |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
173 |
|
|
|
158 |
|
|
|
|
|
|
|
|
|
|
Gross square footage |
|
|
22,158,000 |
|
|
|
21,017,000 |
|
Expansion Update
On April 2, 2009, Nordstrom opened a Nordstrom Rack store at The Commons at Southtowne in
Sandy, Utah. On April 17, 2009, Nordstrom plans to open a full-line store at the Northshore Mall
in Peabody, Massachusetts and a Nordstrom Rack store at Orland Park Place in Orland Park, Illinois.
Future Reporting Dates
Nordstroms financial release calendar for the next three months is currently planned as
follows:
|
|
|
April Sales Release
|
|
Thurs., May 7, 2009 |
First Quarter Earnings Release
|
|
Thurs., May 14, 2009 |
May Sales Release
|
|
Thurs., June 4, 2009 |
June Sales Release
|
|
Thurs., July 9, 2009 |
About Nordstrom
Nordstrom, Inc. is one of the nations leading fashion specialty retailers, with 173 stores located
in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 110 full-line
stores, 59 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
planned store openings and trends in company operations. 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
companys ability to safeguard its brand and reputation, effective inventory management, efficient
and proper allocation of the companys capital resources, 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, trends in personal bankruptcies
and bad debt write-offs, availability and cost of credit, changes in interest rates, disruptions in
the companys supply chain, the companys ability to maintain its relationship with vendors and
developers who may be experiencing economic difficulties, the geographic locations of the companys
stores, the companys ability to maintain its relationships with its employees and to effectively
train and develop its future leaders, 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 information technology strategy,
successful execution of the companys multi-channel strategy, risks related to fluctuations in
world currencies, weather conditions and hazards of nature that affect consumer traffic and
consumers purchasing patterns, the effectiveness of planned advertising, marketing, and
promotional campaigns, the companys ability to control costs, 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
January 31, 2009. The company undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events, new information or future circumstances.
###