SEATTLE, Oct 06, 2011 (BUSINESS WIRE) --
Nordstrom, Inc. (NYSE:JWN) today reported a 10.7 percent increase in
same-store sales for the five-week period ended October 1, 2011 compared
with the five-week period ended October 2, 2010. Preliminary total
retail sales of $943 million for September 2011 increased 16.3 percent
compared with total retail sales of $810 million for the same period in
fiscal 2010.
Quarter-to-date same-store sales increased 9.0 percent compared with the
same period in fiscal 2010. Preliminary quarter-to-date total retail
sales of $1.63 billion increased 14.6 percent compared with total retail
sales of $1.43 billion for the same period in fiscal 2010.
Year-to-date same-store sales increased 7.4 percent compared with the
same period in fiscal 2010. Preliminary year-to-date total retail sales
of $6.58 billion increased 12.8 percent compared with total retail sales
of $5.83 billion for the same period in fiscal 2010.
SALES RECORDING
To hear Nordstrom's pre-recorded September sales message, please dial
402-220-6036. This recording will be available for one week.
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SEPTEMBER SALES RESULTS
(unaudited; $ in millions)
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Total Retail Sales
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Same-store Sales
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Fiscal 2011(1)
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Fiscal 2010
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Percent Increase
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Total |
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Nordstrom(2) |
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Nordstrom Rack |
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September
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$943
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$810
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16.3%
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10.7%
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11.1%
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8.7%
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Quarter-to-date
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$1,634
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$1,425
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14.6%
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9.0%
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9.8%
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6.5%
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Year-to-date
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$6,579
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$5,832
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12.8%
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7.4%
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8.3%
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3.9%
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Number of stores
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10/1/11 |
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10/2/10 |
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Nordstrom
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117
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115
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Nordstrom Rack and other
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105 |
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85 |
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Total
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222 |
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200 |
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Gross square footage
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24,638,000
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23,687,000
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| (1)Includes sales made through HauteLook, Nordstrom's
online private sale subsidiary.
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(2)Nordstrom, formerly referred to as "Multi-channel,"
includes Nordstrom full-line stores and Direct.
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EXPANSION UPDATE
In September, Nordstrom opened two Nordstrom full-line stores at The
Mall at Green Hills in Nashville, Tenn. and Saint Louis Galleria in St.
Louis, Mo. and six Nordstrom Rack stores at West Covina Mall in West
Covina, Calif.; South Bay Center in Redondo Beach, Calif.; Middlesex
Commons in Burlington, Mass.; Rivers Edge in Indianapolis, Ind.; Cascade
Plaza in Tigard, Ore.; and Orchard Corners in Lenexa, Kan.
Today, Nordstrom opens a Nordstrom Rack store at Market at Town Center
in Sugar Land, Texas. Additionally, in October Nordstrom plans to open
two Nordstrom Rack stores at The Corner in Tucson, Ariz. and at
Westfield Plaza Bonita in National City, Calif.
FUTURE REPORTING DATES
Nordstrom's planned financial release calendar for the next three months
currently includes:
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October Sales Release
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Thurs., November 3, 2011
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Third Quarter Earnings Release
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Thurs., November 10, 2011
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November Sales Release
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Thurs., December 1, 2011
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December Sales Release
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Thurs., January 5, 2012
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ABOUT NORDSTROM
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom
operates 223 stores in 30 states, including 117 full-line stores, 102
Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one
clearance store. Nordstrom also serves customers through Nordstrom.com
and through its catalogs. Additionally, the Company operates in the
online private sale marketplace through its subsidiary HauteLook.
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, anticipated 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 economic and
market conditions and the resultant impact on consumer spending
patterns; our ability to maintain our relationships with vendors; our
ability to respond to the business environment, fashion trends and
consumer preferences, including changing expectations of service and
experience in stores and online; effective inventory management;
successful execution of our growth strategy, including possible
expansion into new markets, technological investments and acquisitions,
including our ability to realize the anticipated benefits from such
acquisitions, and the timely completion of construction associated with
newly planned stores, relocations and remodels, which may be impacted by
the financial health of third parties; our ability to maintain
relationships with our employees and to effectively attract, develop and
retain our future leaders; successful execution of our multi-channel
strategy; our compliance with applicable banking and related laws and
regulations impacting our ability to extend credit to our customers;
impact of the current regulatory environment and financial system and
health care reforms; the impact of any systems failures and/or security
breaches, including any security breaches that result in the theft,
transfer or unauthorized disclosure of customer, employee or company
information or our compliance with information security and privacy laws
and regulations in the event of such an incident; our compliance with
employment laws and regulations and other laws and regulations
applicable to us; trends in personal bankruptcies and bad debt
write-offs; changes in interest rates; efficient and proper allocation
of our capital resources; availability and cost of credit; our ability
to safeguard our brand and reputation; successful execution of our
information technology strategy; weather conditions, natural disasters,
health hazards or other market disruptions, or the prospects of these
events and the impact on consumer spending patterns; disruptions in our
supply chain; the geographic locations of our stores; the effectiveness
of planned advertising, marketing and promotional campaigns; our ability
to control costs; and the timing and amounts of share repurchases by the
company, if any, or any share issuances by the company, including
issuances associated with option exercises or other matters. Our SEC
reports, including our Form 10-K for the fiscal year ended January 29,
2011, and our Forms 10-Q for the fiscal quarters ended April 30, 2011
and July 30, 2011, 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:
Rob Campbell, 206-233-6550
or
MEDIA CONTACT:
Colin Johnson, 206-303-3036