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) November 4, 2010

 

 

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):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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ITEM 7.01 Regulation FD Disclosure

On November 4, 2010, Nordstrom, Inc. issued a press release announcing its preliminary October 2010 sales. A copy of this press release is attached as Exhibit 99.1.

ITEM 9.01 Financial Statements and Exhibits

 

99.1		Nordstrom October 2010 Preliminary Sales Release, dated November 4, 2010.

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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.

 

Dated: November 4, 2010

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EXHIBIT INDEX

 

EXHIBIT NUMBER		DESCRIPTION
99.1		Nordstrom October 2010 Preliminary Sales Release, dated November 4, 2010.

 

Exhibit 99.1

 

FOR IMMEDIATE RELEASE:			INVESTOR CONTACT:			Sandy Fabre
November 4, 2010						Nordstrom, Inc.
						(206) 233-6563
			MEDIA CONTACT:			Colin Johnson
						Nordstrom, Inc.
						(206) 373-3036

Nordstrom Reports October Sales

SEATTLE, Wash. (November 4, 2010) – Nordstrom, Inc. (NYSE: JWN) today reported a 3.4 percent increase in same-store sales for the four-week period ended October 30, 2010 compared with the four-week period ended October 31, 2009. Preliminary total retail sales of $662 million for October 2010 increased 9.0 percent compared with total retail sales of $607 million for the same period in fiscal 2009.

Third quarter same-store sales increased 5.8 percent compared with the same period in fiscal 2009. Preliminary third quarter total retail sales of $2.09 billion increased 11.7 percent compared with total retail sales of $1.87 billion for the same period in fiscal 2009.

Year-to-date same-store sales increased 8.6 percent compared with the same period in fiscal 2009. Preliminary year-to-date total retail sales of $6.49 billion increased 13.5 percent compared with total retail sales of $5.72 billion for the same period in fiscal 2009.

SALES RECORDING

To hear Nordstrom’s pre-recorded October sales message, please dial (402) 220-6036. This recording will be available for one week.

OCTOBER SALES RESULTS

(unaudited; $ in millions)

		Total Retail Sales																Same-store Sales
		Fiscal 2010				Fiscal 2009				% Increase				Total				Full-line Stores				Direct				Multi-channel (Full-line Stores and Direct)				Rack Stores
October		$	662			$	607				9.0	%			3.4	%			4.8	%			2.1	%			4.5	%			(1.7	%)
Third Quarter		$	2,087			$	1,868				11.7	%			5.8	%			7.3	%			7.6	%			7.3	%			(2.2	%)
Year-to-date		$	6,494			$	5,719				13.5	%			8.6	%			8.9	%			26.2	%			10.2	%			(0.4	%)
Number of stores		10/30/10				10/31/09
Full-line			115				112
Rack and other			88				70
Total			203				182
Gross square footage			23,802,000				22,702,000

EXPANSION UPDATES

In October, the company opened three Nordstrom Rack stores in the Walter’s Crossing neighborhood in Tampa, Fla.; Lakewood Center in Lakewood, Calif.; and Burbank Empire Center in Burbank, Calif. Additionally, Nordstrom relocated its Northtown Mall Nordstrom Rack in Spokane, Wash. to Spokane Valley Plaza in Spokane Valley, Wash.

In November, Nordstrom plans to open one Nordstrom Rack store at Arrowhead Crossing in Peoria, Ariz.

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FUTURE REPORTING DATES

Nordstrom’s planned financial release calendar for the next three months currently includes:

 

Third Quarter Earnings Release		Mon., November 15, 2010
November Sales Release		Thurs., December 2, 2010
December Sales Release		Thurs., January 6, 2011
January Sales Release		Thurs., February 3, 2011
Fourth Quarter Earnings Release		Thurs., February 17, 2011

ABOUT NORDSTROM

Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 203 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 115 full-line stores, 85 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) that involve risks and uncertainties, including, but not limited to, 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 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 pattern; our ability to respond to the business environment and fashion trends; our ability to safeguard our brand and reputation; effective inventory management; efficient and proper allocation of our capital resources; successful execution of our 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; our compliance with applicable banking and related laws and regulations impacting our ability to extend credit to our 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 our supply chain; our ability to maintain our relationships with vendors and developers who may be experiencing economic difficulties; the geographic locations of our stores; our ability to maintain relationships with our employees and to effectively train and develop our future leaders; our compliance with information security and privacy laws and regulations, employment laws and regulations and other laws and regulations applicable to us; successful execution of our information technology strategy; successful execution of our 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; our ability to control costs; and the timing and amounts of any share repurchases, if any, by the company. Our SEC reports, including our Form 10-K for the fiscal year ended January 30, 2010, and our Form 10-Q for the fiscal quarters ended May 1, 2010 and July 31, 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.

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