SEATTLE, Aug 05, 2010 (BUSINESS WIRE) --
Nordstrom, Inc. (NYSE:JWN) today reported a 7.6 percent increase in
same-store sales for the four-week period ended July 31, 2010 compared
with the four-week period ended August 1, 2009. Preliminary total retail
sales of $890 million for July 2010 increased 10.5 percent compared with
total retail sales of $806 million for the same period in fiscal 2009.
Multi-channel same-store sales for the first 16 days of the Anniversary
Sale, which began Friday, July 16th, increased 9.0% compared with the
prior year. The Anniversary Sale, which typically makes July the
second-largest sales month of the year, had similar timing and duration
compared to last year's event.
Second quarter same-store sales increased 8.4 percent compared with the
same period in fiscal 2009. Preliminary second quarter total retail
sales of $2.42 billion increased 12.7 percent compared with total retail
sales of $2.14 billion for the same period in fiscal 2009.
Year-to-date same-store sales increased 10.0 percent compared with the
same period in fiscal 2009. Preliminary year-to-date total retail sales
of $4.41 billion increased 14.4 percent compared with total retail sales
of $3.85 billion for the same period in fiscal 2009.
SALES RECORDING
To hear Nordstrom's pre-recorded July sales message, please dial (402)
220-6036. This recording will be available for one week.
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JULY SALES RESULTS
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(unaudited; $ in millions)
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Total Retail Sales
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Same-store Sales
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Fiscal 2010
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Fiscal 2009
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% Increase
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Total
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Full-line
Stores
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Direct |
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Multi-channel
(Full-line
Stores and
Direct)
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Rack
Stores
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July
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$890
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$806
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10.5%
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7.6%
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8.0%
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25.6%
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9.4%
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(2.5%)
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Second Quarter
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$2,417
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$2,145
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12.7%
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8.4%
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8.2%
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34.0%
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9.9%
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(0.9%)
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Year-to-date
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$4,407
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$3,851
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14.4%
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10.0%
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9.7%
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36.1%
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11.5%
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0.5%
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Number of stores
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7/31/10
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8/1/09
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Full-line
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114
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111
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Rack and other
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79
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64
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Total
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193
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175
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Gross square footage
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23,343,000
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22,351,000
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EXPANSION UPDATES
In August, Nordstrom plans to open one full-line store at Santa Monica
Place in Santa Monica, California. Nordstrom also plans to open two Rack
stores at Pentagon Centre in Arlington, Virginia and Fair Lakes
Promenade in Fairfax, Virginia.
FUTURE REPORTING DATES
Nordstrom's planned financial release calendar for the next three months
currently includes:
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Second Quarter Earnings Release
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Thurs., August 12, 2010
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August Sales Release
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Thurs., September 2, 2010
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September Sales Release
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Thurs., October 7, 2010
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October Sales Release
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Thurs., November 4, 2010
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ABOUT NORDSTROM
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 193 stores located in 28 states. Founded in 1901 as a
shoe store in Seattle, today Nordstrom operates 114 full-line stores, 76
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 andtrends 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 patterns, 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, and our
ability to control costs. Our SEC reports, including our Form 10-K for
the fiscal year ended January 30, 2010, and our Form 10-Q for the fiscal
quarter ended May 1, 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.

SOURCE: Nordstrom, Inc.
Nordstrom, Inc.
INVESTOR CONTACT:
Sandy Fabre, 206-233-6563
or
MEDIA CONTACT:
Colin Johnson, 206-373-3036