SEATTLE, May 05, 2011 (BUSINESS WIRE) --
Nordstrom, Inc. (NYSE:JWN) today reported a 7.6 percent increase in
same-store sales for the four-week period ended April 30, 2011 compared
with the four-week period ended May 1, 2010. Preliminary total retail
sales of $726 million for April 2011 increased 14.2 percent compared
with total retail sales of $636 million for the same period in fiscal
2010.
First quarter same-store sales increased 6.5 percent compared with the
same period in fiscal 2010. Preliminary first quarter total retail sales
of $2.23 billion increased 12.0 percent compared with total retail sales
of $1.99 billion for the same period in fiscal 2010.
SALES RECORDING
To hear Nordstrom's pre-recorded April sales message, please dial
402-220-6036. This recording will be available for one week.
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APRIL 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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April
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$726
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$636
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14.2%
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7.6%
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9.3%
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2.7%
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First Quarter
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$2,229
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$1,990
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12.0%
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6.5%
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7.8%
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1.2%
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Number of stores
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4/30/11 |
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5/1/10 |
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Nordstrom
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116
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114
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Nordstrom Rack and other
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95 |
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78 |
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Total
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211 |
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192 |
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Gross square footage
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24,184,000
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23,289,000
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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 April, Nordstrom opened a Nordstrom full-line store at Christiana
Mall in Newark, Del. and a Nordstrom Rack store at Belmar in Lakewood,
Colo. In addition, Nordstrom relocated its Nordstrom Rack store at
Flatiron Marketplace in Broomfield, Colo. to the Twenty Ninth Street
shopping center in Boulder, Colo.
In May, Nordstrom plans to open three Nordstrom Rack stores at Towne
Place at Garden State Plaza in Cherry Hill, N.J.; Friendship Center in
Washington, D.C.; and Annapolis Harbour Center in Annapolis, Md.
FUTURE REPORTING DATES
Nordstrom's planned financial release calendar for the next three months
currently includes:
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First Quarter Earnings Release
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Thurs., May 12, 2011
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May Sales Release
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Thurs., June 2, 2011
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June Sales Release
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Thurs., July 7, 2011
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July Sales Release
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Thurs., August 4, 2011
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ABOUT NORDSTROM
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 211 stores located in 29 states. Founded in 1901 as a
shoe store in Seattle, today Nordstrom operates 116 Nordstrom full-line
stores, 92 Nordstrom Rack stores, two Jeffrey boutiques and one
clearance store. Nordstrom serves customers through its online presence
at Nordstrom.com and through its catalogs. Nordstrom also 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, consumer preferences and
fashion trends; 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 train and develop 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; our
compliance with information security and privacy laws and regulations,
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; disruptions in our supply chain; the
geographic locations of our stores; 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 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, 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