Nordstrom Reports September Sales
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http://www.businesswire.com/news/home/20091008005346/en
SEATTLE--(Business Wire)--
Nordstrom, Inc. (NYSE:JWN) today reported a 2.4 percent decrease in same-store
sales for the five-week period ended October 3, 2009 compared with the five-week
period ended October 4, 2008. Preliminary total retail sales were $720 million
for September 2009, an increase of 0.3 percent compared with total retail sales
of $718 million for the same period in fiscal 2008.
Quarter-to-date same-store sales decreased 4.6 percent compared with the same
period in fiscal 2008. Preliminary quarter-to-date total retail sales of $1.26
billion decreased 1.1 percent compared with total retail sales of $1.28 billion
for the same period in fiscal 2008.
Year-to-date same-store sales decreased 9.8 percent compared with the same
period in fiscal 2008. Preliminary year-to-date total retail sales of $5.11
billion decreased 6.1 percent compared with total retail sales of $5.44 billion
for the same period in fiscal 2008.
SALES RECORDING
To hear Nordstrom`s pre-recorded September sales message, please dial
402-220-6036. This recording will be available for one week.
SEPTEMBER SALES RESULTS
(unaudited; $ in millions)
Total Retail Sales Same-store Sales
Percent
Fiscal Fiscal Increase/ Full-line Rack
2009 2008 (Decrease) Total Stores Stores
September $720 $718 0.3% (2.4%) (3.9%) 0.0%
Quarter-to-date $1,261 $1,276 (1.1%) (4.6%) (7.7%) 1.7%
Year-to-date $5,112 $5,442 (6.1%) (9.8%) (12.8%) 1.3%
Number of stores October 3, October 4,
2009 2008
Full-line 112 107
Rack and other 67 58
Total 179 165
Gross square footage 22,595,000 21,574,000
EXPANSION UPDATE
On September 25, 2009 Nordstrom opened a full-line store at Kenwood Towne Centre
in Cincinnati, Ohio. Also in September, Nordstrom opened two Nordstrom Rack
stores at Arbor Lakes in Maple Grove, Minnesota and Beverly Connection in Los
Angeles, California.
Today, Nordstrom will open a Nordstrom Rack store at Hastings Village in
Pasadena, California. Additionally, in October, Nordstrom plans to open two
Nordstrom Rack stores at Westfield Oakridge in San Jose, California and Gateway
Center in Austin, Texas.
FUTURE REPORTING DATES
Nordstrom`s planned financial release calendar for the next three months
currently includes:
October Sales Release Thurs., November 5, 2009
Third Quarter Earnings Release Thurs., November 12, 2009
November Sales Release Thurs., December 3, 2009
December Sales Release Thurs., January 7, 2010
ABOUT NORDSTROM
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with
179 stores located in 28 states. Founded in 1901 as a shoe store in Seattle,
today Nordstrom operates 112 full-line stores, 64 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, 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, 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 August 1,
2009.The company undertakes no obligation to update or revise any
forward-looking statements to reflect subsequent events, new information or
future circumstances.
Nordstrom, Inc.
INVESTOR CONTACT:
Rob Campbell, 206-303-3290
or
MEDIA CONTACT:
Colin Johnson, 206-373-3036
Copyright Business Wire 2009
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