SEATTLE--(BUSINESS WIRE)--Aug. 30, 2012--
Nordstrom, Inc. (NYSE:JWN) today reported August sales, which reflected
a shift in timing of the Anniversary Sale event, historically the
Company’s largest sale event of the year. The event started one week
later in July compared with last year. As a result, eight days of the
event occurred in August this year compared to one day in 2011. For the
period of July and August 2012 combined, same-store sales increased 8.4
percent.
The Company reported a 21.0 percent increase in same-store sales for the
four-week period ended August 25, 2012 compared with the four-week
period ended August 27, 2011. Preliminary total retail sales of $866
million for August 2012 increased 25.2 percent compared with total
retail sales of $691 million for the same period in fiscal 2011.
Year-to-date same-store sales increased 8.0 percent compared with the
same period in fiscal 2011. Preliminary year-to-date total retail sales
of $6.32 billion increased 12.1 percent compared with total retail sales
of $5.64 billion for the same period in fiscal 2011.
SALES RECORDING
To hear Nordstrom’s pre-recorded August sales message, please dial (402)
220-6036 beginning today at 8:40 a.m. EDT. This recording will be
available for one week.
AUGUST 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
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Fiscal
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Percent
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Nordstrom
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2012
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2011
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Increase
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Total
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Nordstrom
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Rack
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August
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$866
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$691
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25.2%
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21.0%
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24.0%
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7.1%
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Year-to-date
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$6,319
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$5,636
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12.1%
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8.0%
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8.6%
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7.2%
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Number of stores
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Aug-12
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Aug-11
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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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114
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99
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Total
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231
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214
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Gross square footage
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24,974,000
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24,095,000
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SAME-STORE SALES
Same-store sales include sales from stores that have been open at least
one full year as of the beginning of the fiscal year. Nordstrom includes
sales from both full-line stores and Direct because of the integration
of these two channels. Total same-store sales include accounting
adjustments that are not allocated to Nordstrom and Nordstrom Rack.
Same-store sales exclude sales made through HauteLook, Nordstrom’s
online private sale subsidiary, which was acquired in the first quarter
of 2011.
EXPANSION UPDATE
In September, Nordstrom plans to open four Nordstrom Rack stores at
Manchester Highlands in Manchester, Mo.; Tysons Corner, Va.; Carmel
Mountain Plaza in San Diego, Calif.; and Edinger Plaza in Huntington
Beach, Calif. In addition, Nordstrom plans to relocate its Nordstrom
Rack store at the Mall at the Source in Long Island, N.Y. to the nearby
Gallery at Westbury Plaza.
FUTURE REPORTING DATES
Nordstrom’s planned financial release calendar for the next three months
currently includes:
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September Sales Release
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Thurs., October 4, 2012
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October Sales Release
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Thurs., November 1, 2012
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Third Quarter Earnings Release
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Thurs., November 8, 2012
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November Sales Release
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Thurs., November 29, 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 231 stores in 31 states, including 117 full-line stores, 110
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 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, our ability to realize the anticipated benefits from such
growth initiatives, and 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 ability to manage
the change in our business/financial model as we increase our investment
in e-commerce and our online business; 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, including planning, procurement and allocation capabilities;
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, cybersecurity 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, including the outcome of claims and
litigation and resolution of tax matters; compliance with debt covenants
and availability and cost of credit; our ability to safeguard our brand
and reputation; successful execution of our information technology
strategy; our ability to maintain our relationships with vendors; trends
in personal bankruptcies and bad debt write-offs; changes in interest
rates; efficient and proper allocation of our capital resources; 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 28, 2012, and our Forms 10-Q for
the fiscal quarters ended April 28, 2012 and July 28, 2012, 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:
Trina Schurman,
206-233-6503
or
MEDIA CONTACT:
Colin Johnson,
206-303-3036