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 8, 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) |
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 8, 2010, Nordstrom, Inc. issued a press release announcing
its preliminary March 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: April 8, 2010
EXHIBIT INDEX
|
|
|
EXHIBIT |
|
|
NUMBER |
|
DESCRIPTION |
99.1
|
|
Nordstrom March 2010 Preliminary Sales Release, dated
April 8, 2010. |
exv99w1
Exhibit 99.1
|
|
|
|
|
FOR IMMEDIATE RELEASE
April 8, 2010
|
|
INVESTOR CONTACT:
|
|
Rob Campbell
Nordstrom, Inc.
(206) 303-3290 |
|
|
|
MEDIA CONTACT:
|
|
Colin Johnson
Nordstrom, Inc.
(206) 373-3036 |
NORDSTROM REPORTS MARCH SALES
SEATTLE, Wash. (April 8, 2010) Nordstrom, Inc. (NYSE: JWN) today reported a 16.8 percent
increase in same-store sales for the five-week period ended April 3, 2010 compared with the
five-week period ended April 4, 2009. Preliminary total retail sales of $815 million for March 2010
increased 20.9 percent compared with total retail sales of $674 million for the same period in
fiscal 2009.
Quarter-to-date same-store sales increased 14.2 percent compared with the same period in
fiscal 2009. Preliminary quarter-to-date total retail sales of $1.35 billion increased 18.3 percent
compared with total retail sales of $1.14 billion for the same period in fiscal 2009.
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 Retail Sales |
|
Same-store Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multi-channel |
|
|
|
|
Fiscal |
|
Fiscal |
|
% |
|
|
|
|
|
Full-line |
|
|
|
|
|
(Full-line Stores |
|
|
|
|
2010 |
|
2009 |
|
Increase |
|
Total |
|
Stores |
|
Direct |
|
and Direct) |
|
Rack Stores |
March
|
|
$ |
815 |
|
|
$ |
674 |
|
|
|
20.9 |
% |
|
|
16.8 |
% |
|
|
17.6 |
% |
|
|
36.6 |
% |
|
|
19.1 |
% |
|
|
4.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter-to-date
|
|
$ |
1,354 |
|
|
$ |
1,145 |
|
|
|
18.3 |
% |
|
|
14.2 |
% |
|
|
14.2 |
% |
|
|
41.9 |
% |
|
|
16.3 |
% |
|
|
3.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of stores |
|
|
4/3/10 |
|
|
|
4/4/09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full-line |
|
|
113 |
|
|
|
110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rack and other |
|
|
76 |
|
|
|
63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
189 |
|
|
|
173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
square
footage |
|
|
23,067,000 |
|
|
|
22,158,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expansion Update
In March, Nordstrom opened a full-line store at South Shore Plaza in Braintree, Mass.
Nordstrom also opened three Nordstrom Rack stores at The Palms at Town & Country in Kendall, Fla.;
Miracle Marketplace in Coral Gables, Fla.; and Cherry Creek in Denver, Colo.
In April, Nordstrom plans to open a full-line store at Fashion Island in Newport Beach, Calif.
Today, Nordstrom will open a Nordstrom Rack store at Shoppers World in Framingham, Mass. and plans
to open another Rack store later this month at Buckhead Station in Atlanta, Ga.
Future Reporting Dates
Nordstroms planned financial release calendar for the next three months
currently includes:
|
|
|
April Sales Release
First Quarter Earnings Release
May Sales Release
June Sales Release
|
|
Thurs., May 6, 2010
Thurs., May 13, 2010
Thurs., June 3, 2010
Thurs., July 8, 2010 |
About Nordstrom
Nordstrom, Inc. is one of the nations leading fashion specialty retailers, with 190 stores located
in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 113 full-line
stores, 74 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,
Incs 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) that involve risks
and uncertainties, including, but not limited to, anticipated 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 of consumer credit, impact of
the current regulatory environment and financial system reforms, changes in interest rates,
disruptions in the companys supply chain, the companys ability to maintain its relationship with
vendors 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, public health concerns and the resulting impact on consumer spending patterns,
supply chain, and employee health, weather conditions and hazards of nature that affect consumer
traffic and consumers purchasing patterns, the effectiveness of planned advertising, marketing,
and promotional campaigns, and the companys ability to control costs. Our SEC reports, including
our Form 10-K for the fiscal year ended January 30, 2010, contain other information on these and
other factors that could affect our financial results and cause actual results to differ materially
from any forward-looking information we may provide. The company undertakes no obligation to update
or revise any forward-looking statements to reflect subsequent events, new information or future
circumstances.
###