Nordstrom Reports November Sales
today reported preliminary sales of
ended
for November decreased 15.9 percent compared with the same period in 2007.
Preliminary year-to-date sales of
compared with sales of
same-store sales decreased 8.6 percent compared with the same period in 2007.
Due to the timing of the
2008
compared with
Sales Recording
To hear Nordstrom’s pre-recorded November sales message, please dial
800-891-8250 or 402-220-6036. This recording will be available for one week.
NOVEMBER SALES RESULTS
(unaudited; $ in millions)
Total Sales Same-store Sales(2)
Percent
Fiscal Fiscal Increase/ Full-line Rack
2008 2007(1) (Decrease) Total Stores Stores
----------------------------- ----------------------------
November $707 $805 (12.1%) (15.9%) (19.2%) (0.6%)
Year-to-date $6,678 $7,119 (6.2%) (8.6%) (11.9%) 4.2%
Number of stores 11/29/08 12/01/07
-------- --------
Full-line 109 101
Rack and other 60 56
--- ---
Total 169 157
=== ===
Gross square footage 21,876,000 20,542,000
(1) Fiscal 2007 year-to-date total sales results include sales from the
company's domestic Faconnable boutiques through October 31, 2007 and
sales from the company's international and wholesale Faconnable
business through August 31, 2007.
(2) Same-store sales results exclude sales from Faconnable.
Future Reporting Dates
Nordstrom’s financial release calendar for the next three months is
currently planned as follows:
December Sales Release Thurs., January 8, 2009
January Sales Release Thurs., February 5, 2009
Fourth Quarter Earnings Release Mon., February 23, 2009
February Sales Release Thurs., March 5, 2009
Nordstrom, Inc. is one of the nation’s leading fashion specialty
retailers, with 169 stores located in 28 states. Founded in 1901 as a shoe
store in
Racks, two Jeffrey boutiques, and two clearance stores. In addition, Nordstrom
serves customers through its online presence at http://www.nordstrom.com and
through its catalogs. Nordstrom, Inc. 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), including the company’s expected monthly financial
results. 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 and trends 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, the company’s ability
to respond to the business environment and fashion trends, the competitive
pricing environment within the retail sector, effective inventory management,
the effectiveness of planned advertising, marketing, and promotional
campaigns, successful execution of the company’s 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, the company’s compliance with applicable
banking and related laws and regulations impacting the company’s ability to
extend credit to its customers, the company’s compliance with information
security and privacy laws and regulations, employment laws and regulations and
other laws and regulations applicable to the company, successful execution of
the company’s multi-channel strategy, the company’s ability to safeguard its
brand and reputation, efficient and proper allocation of the company’s capital
resources, successful execution of the company’s technology strategy, trends
in personal bankruptcies and bad debt write-offs, availability and cost of
credit, changes in interest rates, the company’s ability to maintain its
relationships with its employees and to effectively train and develop its
future leaders, the company’s ability to control costs, risks related to
fluctuations in world currencies, weather conditions and hazards of nature
that affect consumer traffic and consumers’ purchasing patterns, and the
timing and amounts of share repurchases by the company. For additional
information regarding these and other risk factors, please refer to the
company’s SEC reports, including its Form 10-K for the fiscal year ended
forward-looking statements to reflect subsequent events, new information or
future circumstances.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO)
INVESTOR CONTACT: Chris Holloway
Nordstrom, Inc.
(206) 303-3290
MEDIA CONTACT: Brooke White
Nordstrom, Inc.
(206) 373-3030
SOURCE Nordstrom, Inc.