SEATTLE, Jan 06, 2011 (BUSINESS WIRE) --
Nordstrom, Inc. (NYSE:JWN) today reported an 8.4 percent increase in
same-store sales for the five-week period ended January 1, 2011 compared
with the five-week period ended January 2, 2010. Preliminary total
retail sales of $1.39 billion for December 2010 increased 11.9 percent
compared with total retail sales of $1.25 billion for the same period in
fiscal 2009.
Quarter-to-date same-store sales increased 7.2 percent compared with the
same period in fiscal 2009. Preliminary quarter-to-date total retail
sales of $2.21 billion increased 10.7 percent compared with total retail
sales of $2.00 billion for the same period in fiscal 2009.
Year-to-date same-store sales increased 8.3 percent compared with the
same period in fiscal 2009. Preliminary year-to-date total retail sales
of $8.70 billion increased 12.8 percent compared with total retail sales
of $7.72 billion for the same period in fiscal 2009.
SALES RECORDING
To hear Nordstrom's pre-recorded December sales message, please dial
402-220-6036. This recording will be available for one week.
DECEMBER SALES RESULTS
(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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December
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|
$1,394
|
|
|
|
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$1,247
|
|
|
|
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11.9%
|
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8.4%
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6.4%
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25.9%
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8.3%
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7.0%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Quarter-to-date
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$2,209
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|
|
|
|
|
$1,996
|
|
|
|
|
|
10.7%
|
|
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7.2%
|
|
5.7%
|
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27.5%
|
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7.7%
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5.0%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Year-to-date
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$8,703
|
|
|
|
|
|
$7,715
|
|
|
|
|
|
12.8%
|
|
|
8.3%
|
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8.1%
|
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26.6%
|
|
9.6%
|
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0.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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Number of stores
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1/1/11 |
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|
|
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1/2/10 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Full-line
|
|
115
|
|
|
|
|
|
112
|
|
|
|
|
|
|
|
|
|
|
|
|
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Rack and other
|
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89 |
|
|
|
|
|
72 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total
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|
204 |
|
|
|
|
|
184 |
|
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|
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Gross square footage
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23,838,000
|
|
|
|
|
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22,773,000
|
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|
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|
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FUTURE REPORTING DATES
Nordstrom's planned financial release calendar for the next three months
currently includes:
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January Sales Release
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Thurs., February 3, 2011
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Fourth Quarter Earnings Release
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Thurs., February 17, 2011
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February Sales Release
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Thurs., March 3, 2011
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March Sales Release
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Thurs., April 7, 2011
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ABOUT NORDSTROM
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 204 stores located in 28 states. Founded in 1901 as a
shoe store in Seattle, today Nordstrom operates 115 full-line stores, 86
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, 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 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; our ability to control costs; and the timing
and amounts of any share repurchases, if any, by the company. Our SEC
reports, including our Form 10-K for the fiscal year ended January 30,
2010, and our Form 10-Q for the fiscal quarters ended May 1, 2010, July
31, 2010 and October 30, 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