Attached files
| file | filename |
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| 8-K - FORM 8-K - NORDSTROM INC | v54819e8vk.htm |
Exhibit 99.1
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)
(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
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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.
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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