Nordstrom Reports January Sales
07 Febbraio 2013 - 2:28PM
Business Wire
Nordstrom, Inc. (NYSE: JWN) today reported an 11.4 percent
increase in same-store sales for January.
Similar to many other retailers, Nordstrom follows the retail
4-5-4 reporting calendar, which included an extra week in the
fourth quarter of fiscal 2012 (the 53rd week). In the 53rd week,
the company had preliminary total retail sales of approximately
$162 million. The 53rd week is excluded from same-store sales
calculations.
Preliminary total retail sales of $951 million for the five week
period ended February 2, 2013 increased 38.4 percent compared with
total retail sales of $688 million for the four week period ended
January 28, 2012. Excluding sales for the 53rd week, preliminary
total retail sales for the four week period ended January 26, 2013
increased 14.9 percent.
Fourth quarter same-store sales increased 6.3 percent compared
with the same period in fiscal 2011. Preliminary fourth quarter
total retail sales of $3.60 billion increased 13.5 percent compared
with total retail sales of $3.17 billion for the same period in
fiscal 2011.
Fiscal year 2012 same-store sales increased 7.3 percent compared
with the same period in fiscal 2011. Preliminary fiscal year 2012
total retail sales of $11.76 billion increased 12.1 percent
compared with total retail sales of $10.50 billion for the same
period in fiscal 2011.
SALES RECORDING
To hear Nordstrom’s pre-recorded January sales message, please
dial (402) 220-6036 beginning today at 8:40 a.m. EST. This
recording will be available for one week.
JANUARY SALES RESULTS(unaudited; $ in millions)
Total Retail Sales Same-store Sales
Excluding
Excludes the 53rd Week
53rd Week
Fiscal
Fiscal
Percent
Percent
Nordstrom
2012
2011
Increase
Increase1
Total
Nordstrom
Rack
January $951 $688 38.4% 14.9% 11.4% 13.7% 9.0%
Fourth quarter
$3,596 $3,169 13.5% 8.4% 6.3% 6.1% 7.1% Fiscal year $11,762 $10,497
12.1% 10.5% 7.3% 7.5% 7.4% 153rd week sales are
approximately $162 million Number of stores Jan-13
Jan-12 Nordstrom 117 117 Nordstrom Rack and other
123
108 Total
240 225
Gross square footage 25,290,000 24,745,000
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
Nordstrom announced plans to open a full-line store at Ridgedale
Center in Minneapolis, Minn. in fall 2015. Nordstrom also announced
plans to open two Nordstrom Rack stores in fall 2013, at The
Mercato in Naples, Fla. and at Perimeter Expo shopping center in
Atlanta, Ga.
FUTURE REPORTING DATES
Nordstrom’s planned financial release calendar currently
includes the following upcoming events:
Fourth Quarter Earnings Release Thurs.,
February 21, 2013First Quarter Earnings Release Thurs., May 16,
2013
ABOUT NORDSTROM
Nordstrom, Inc. is one of the nation’s leading fashion specialty
retailers. Founded in 1901 as a shoe store in Seattle, today
Nordstrom operates 240 stores in 31 states, including 117 full-line
stores, 119 Nordstrom Racks, two Jeffrey boutiques, one
treasure&bond store and one clearance store. Nordstrom also
serves customers through Nordstrom.com and through its catalogs.
Additionally, the Company 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
respond to the business environment, fashion trends and consumer
preferences, including changing expectations of service and
experience in stores and online; effective inventory management;
successful execution of our growth strategy, including possible
expansion into new markets, technological investments and
acquisitions, our ability to realize the anticipated benefits from
such growth initiatives, and 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 ability to manage the change in our business/financial model as
we increase our investment in e-commerce and our online business;
our ability to maintain relationships with our employees and to
effectively attract, develop and retain our future leaders;
successful execution of our multi-channel strategy, including
planning, procurement and allocation capabilities; 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; the impact of any systems failures, cybersecurity and/or
security breaches, including any security breaches that result in
the theft, transfer or unauthorized disclosure of customer,
employee or company information or our compliance with information
security and privacy laws and regulations in the event of such an
incident; our compliance with employment laws and regulations and
other laws and regulations applicable to us, including the outcome
of claims and litigation and resolution of tax matters; compliance
with debt covenants and availability and cost of credit; our
ability to safeguard our brand and reputation; successful execution
of our information technology strategy; our ability to maintain our
relationships with vendors; trends in personal bankruptcies and bad
debt write-offs; changes in interest rates; efficient and proper
allocation of our capital resources; weather conditions, natural
disasters, health hazards or other market disruptions, or the
prospects of these events and the impact on consumer spending
patterns; disruptions in our supply chain; the geographic locations
of our stores; 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 28, 2012, and our
Forms 10-Q for the fiscal quarters ended April 28, 2012, July 28,
2012 and October 27, 2012, 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.
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