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 4, 2010
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 February 4, 2010, Nordstrom, Inc. issued a press release announcing its preliminary January 2010 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: February 4, 2010

 


 

EXHIBIT INDEX
     
EXHIBIT    
NUMBER   DESCRIPTION
99.1
  Nordstrom January 2010 Preliminary Sales Release, dated February 4, 2010.

 

exv99w1
Exhibit 99.1
(NORDSTROM LOGO)
         
FOR IMMEDIATE RELEASE
  INVESTOR CONTACT:   Rob Campbell
February 4, 2010
      Nordstrom, Inc.
(206) 303-3290
 
       
 
  MEDIA CONTACT:   Colin Johnson
 
      Nordstrom, Inc.
 
      (206) 373-3036
NORDSTROM REPORTS JANUARY SALES
     SEATTLE, Wash. (February 4, 2010) — Nordstrom, Inc. (NYSE: JWN) today reported a 14.0 percent increase in same-store sales for the four-week period ended January 30, 2010 compared with the four-week period ended January 31, 2009. Preliminary total retail sales of $543 million for January 2010 increased 15.8 percent compared with total retail sales of $468 million for the same period in fiscal 2008.
     Fourth quarter same-store sales increased 6.9 percent compared with the same period in fiscal 2008. Preliminary fourth quarter total retail sales of $2.54 billion increased 10.3 percent compared with total retail sales of $2.30 billion for the same period in fiscal 2008.
     Fiscal year 2009 same-store sales decreased 4.2 percent compared with fiscal year 2008. Preliminary fiscal year 2009 total retail sales of $8.26 billion decreased 0.2 percent compared with total retail sales of $8.27 billion for fiscal year 2008.
Sales Recording
     To hear Nordstrom’s pre-recorded January sales message, please dial 402-220-6036. This recording will be available for one week.
January Sales Results
(unaudited; $ in millions)
                                                                 
            Total Retail Sales   Same-store Sales
                                                    Multi-channel    
    Fiscal   Fiscal   % Increase/           Full-line           (Full-line Stores    
    2009   2008   (Decrease)   Total   Stores   Direct   and Direct)   Rack Stores
January
  $ 543     $ 468       15.8 %     14.0 %     8.9 %     52.1 %     14.7 %     5.3 %
 
                                                               
Fourth Quarter
  $ 2,539     $ 2,301       10.3 %     6.9 %     3.9 %     32.1 %     7.1 %     4.6 %
 
                                                               
Fiscal Year
  $ 8,258     $ 8,272       (0.2 %)     (4.2 %)     (7.2 %)     14.5 %     (5.0 %)     2.5 %
 
                                                               
Number of stores
    1/30/10       1/31/09                                                  
                                                       
Full-line
    112       109                                                  
Rack and other
    72       60                                                  
 
                                                           
Total
    184       169                                                  
 
                                                           
 
                                                               
Gross square footage
    22,773,000       21,876,000                                                  
Future Reporting Dates
     Nordstrom’s planned financial release calendar for the next three months currently includes:
     
Fourth Quarter Earnings Release
  Mon., February 22, 2010
February Sales Release
  Thurs., March 4, 2010
March Sales Release
  Thurs., April 8, 2010
April Sales Release
  Thurs., May 6, 2010

 


 

About Nordstrom
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 184 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 112 full-line stores, 69 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through its online presence at 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 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, impact of the current regulatory environment and financial system reforms, 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, public health concerns, 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 and its Form 10-Q for the fiscal quarter ended October 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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