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Nordstrom Reports October 2009 Sales
http://www.fashionnewspaper.com/articles/1516/1/Nordstrom-Reports-October-2009-Sales/Page1.html
Maxamillion Blick

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By Maxamillion Blick
Published on 11/5/2009
 
Nordstrom, Inc. (NYSE: JWN) today reported a 6.5 percent increase in same-store sales for the four-week period ended October 31, 2009 compared with the four-week period ended November 1, 2008. Preliminary total retail sales of $607 million for October 2009 increased 14.8 percent compared with total retail sales of $529 million for the same period in fiscal 2008.
Nordstrom Reports October 2009 Sales
Nordstrom, Inc. (NYSE: JWN) today reported a 6.5 percent increase in same-store sales for the four-week period ended October 31, 2009 compared with the four-week period ended November 1, 2008. Preliminary total retail sales of $607 million for October 2009 increased 14.8 percent compared with total retail sales of $529 million for the same period in fiscal 2008.

Third quarter same-store sales decreased 1.2 percent compared with the same period in fiscal 2008. Preliminary third quarter total retail sales of $1.87 billion increased 3.5 percent compared with total retail sales of $1.80 billion for the same period in fiscal 2008.

Year-to-date same-store sales decreased 8.4 percent compared with the same period in fiscal 2008. Preliminary year-to-date total retail sales of $5.72 billion decreased 4.2 percent compared with total retail sales of $5.97 billion for the same period in fiscal 2008.

SALES RECORDING

To hear Nordstrom’s pre-recorded October sales message, please dial 402-220-6036. This recording will be available for one week.

OCTOBER SALES RESULTS

   

(unaudited; $ in millions)

Total Retail Sales

Same-store Sales

Fiscal

 

Fiscal

 

% Increase/

 

Full-line

 

Rack

2009

 

2008

 

(Decrease)

Total

 

Stores

 

Stores

October $607 $529 14.8% 6.5% 3.7% 5.9%
 
Third Quarter $1,868 $1,805 3.5% (1.2%) (4.2%) 3.0%
 
Year-to-date $5,719 $5,971 (4.2%) (8.4%) (11.4%) 1.8%
 
Number of stores

October 31,

November 1,

2009

 

2008

Full-line 112 108
Rack and other

70

58
Total 182 166
 
Gross square footage 22,702,000 21,717,000
 

EXPANSION UPDATE

In October, Nordstrom opened three Nordstrom Rack stores at Hastings Village in Pasadena, California; Westfield Oakridge in San Jose, California; and Gateway Center in Austin, Texas.

In November, Nordstrom plans to open two Nordstrom Rack stores at Millennia Crossing in Orlando, Florida and Rookwood Pavilion in Cincinnati, Ohio.

FUTURE REPORTING DATES

Nordstrom’s planned financial release calendar for the next three months currently includes:

 
            Third Quarter Earnings Release           Thurs., November 12, 2009
November Sales Release Thurs., December 3, 2009
December Sales Release Thurs., January 7, 2010
January Sales Release Thurs., February 4, 2010
Fourth Quarter Earnings Release Mon., February 22, 2010
 

ABOUT NORDSTROM

Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 182 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 112 full-line stores, 67 Nordstrom Racks, two Jeffrey boutiques, and one clearance store. In addition, Nordstrom 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.