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Nordstrom Reports August 2012 Sales
http://www.fashionnewspaper.com/articles/9294/1/Nordstrom-Reports-August-2012-Sales/Page1.html
By Maxamillion Blick
Published on 08/31/2012
 
Nordstrom, Inc. (NYSE:JWN) yesterday 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.

Nordstrom Reports August 2012 Sales
Nordstrom, Inc. yesterday 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

(unaudited; $ in millions)

Total Retail Sales Same-store Sales

Fiscal

Fiscal

Percent

Nordstrom

2012

2011

Increase

Total

Nordstrom

Rack

August $866 $691 25.2% 21.0% 24.0% 7.1%
Year-to-date $6,319 $5,636 12.1% 8.0% 8.6% 7.2%
Number of stores Aug-12 Aug-11
Nordstrom 117 115
Nordstrom Rack and other 114 99
Total 231 214
Gross square footage 24,974,000 24,095,000

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:

September Sales Release Thurs., October 4, 2012
October Sales Release Thurs., November 1, 2012
Third Quarter Earnings Release Thurs., November 8, 2012
November Sales Release Thurs., November 29, 2012