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) August 6, 2009
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
         
WASHINGTON   001-15059   91-0515058
(STATE OR OTHER JURISDICTION
OF INCORPORATION)
  (COMMISSION FILE
NUMBER)
  (I.R.S. EMPLOYER
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 Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

ITEM 7.01 REGULATION FD DISCLOSURE
On August 6, 2009, Nordstrom, Inc. issued a press release announcing its preliminary July 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/ Robert B. Sari    
    Robert B. Sari   
    Executive Vice President, General Counsel and Corporate Secretary   
 
Dated: August 6, 2009

 


 

EXHIBIT INDEX
     
EXHIBIT    
NUMBER   DESCRIPTION
 
   
99.1
  Nordstrom July 2009 Preliminary Sales Release, dated August 6, 2009.

 

exv99w1
Exhibit 99.1
(NORDSTROM LOGO)
             
FOR IMMEDIATE RELEASE
August 6, 2009
      INVESTOR CONTACT:   Rob Campbell
Nordstrom, Inc.
(206) 303-3290
 
           
 
      MEDIA CONTACT:   Brooke White
Nordstrom, Inc.
(206) 373-3030
NORDSTROM REPORTS JULY SALES
     SEATTLE, Wash. (August 6, 2009) — Nordstrom, Inc. (NYSE: JWN) today reported a decrease in same-store sales for July of 6.9 percent compared with the same period in fiscal 2008. Preliminary total retail sales were $806 million for the four-week period ended August 1, 2009, a decrease of 4.1 percent compared with total retail sales of $840 million for the four-week period ended August 2, 2008.
     Full-line same-store sales performance for the first 16 days of the Anniversary Sale, which began Friday, July 17th, declined 6.6 percent compared with the prior year. The event’s same-store sales results were favorable to the company’s expectations. The Anniversary Sale, which typically makes July the second-largest sales month of the year, had the same timing and duration as last year’s event.
     Second quarter same-store sales decreased 9.8 percent compared with the same period in fiscal 2008. Preliminary second quarter total retail sales of $2.14 billion decreased 6.2 percent compared with total retail sales of $2.29 billion during the same period in fiscal 2008.
     Year-to-date same-store sales decreased 11.3 percent compared with the same period in fiscal 2008. Preliminary year-to-date total retail sales of $3.85 billion decreased 7.6 percent compared with total retail sales of $4.17 billion for the same period in fiscal 2008.
Sales Recording
     To hear Nordstrom’s pre-recorded July sales message, please dial 402-220-6036. This recording will be available for one week.
July Sales Results
(unaudited; $in millions)
                                                 
    Total Retail Sales   Same-store Sales
                    Percent                
    Fiscal   Fiscal   Increase/           Full-line   Rack
    2009   2008   (Decrease)   Total   Stores   Stores
July
  $ 806     $ 840       (4.1 %)     (6.9 %)     (7.8 %)     (0.5 %)
 
                                               
Second Quarter
  $ 2,145     $ 2,287       (6.2 %)     (9.8 %)     (12.3 %)     0.8 %
 
                                               
Year-to-date
  $ 3,851     $ 4,166       (7.6 %)     (11.3 %)     (14.2 %)     1.1 %
 
Number of stores
  August 1, 2009   August 2, 2008                                
Full-line
    111       105                                  
Rack and other
    64       54                                  
 
                                               
Total
    175       159                                  
 
                                               
Gross square footage
    22,351,000       21,139,000                                  
Expansion Update
     On August 21, 2009, Nordstrom plans to open a Nordstrom Rack store at the Shops of Southlake in Southlake, Texas.


 

Future Reporting Dates
     Nordstrom’s financial release calendar for the next three months is currently planned as follows:
     
     Second Quarter Earnings Release
  Thurs., August 13, 2009
     August Sales Release
  Thurs., September 3, 2009
     September Sales Release
  Thurs., October 8, 2009
     October Sales Release
  Thurs., November 5, 2009
About Nordstrom
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 175 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 111 full-line stores, 61 Nordstrom Racks, two Jeffrey boutiques, and one clearance store. In addition, Nordstrom serves customers through its online presence at http://www.nordstrom.com and through its catalogs. Nordstrom, Inc’s common stock 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 planned store 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 company’s ability to safeguard its brand and reputation, effective inventory management, efficient and proper allocation of the company’s capital resources, 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, trends in personal bankruptcies and bad debt write-offs, availability and cost of credit, changes in interest rates, disruptions in the company’s supply chain, the company’s ability to maintain its relationship with vendors and developers who may be experiencing economic difficulties, the geographic locations of the company’s stores, the company’s ability to maintain its relationships with its employees and to effectively train and develop its future leaders, 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 information technology strategy, successful execution of the company’s 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 company’s 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 company’s 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.
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