Nordstrom Reports October Same-Store Sales Increase of 3.5%
06 Novembre 2003 - 1:30PM
PR Newswire (US)
Nordstrom Reports October Same-Store Sales Increase of 3.5%
SEATTLE, Nov. 6 /PRNewswire-FirstCall/ -- Nordstrom, Inc. today
reported preliminary sales of $454.4 million for the four-week
period ending November 1, 2003, an increase of 6.7 percent compared
to sales of $425.8 million for the four-week period ending November
2, 2002. Same-store sales increased 3.5 percent. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO ) October
same-store sales in full-line stores increased in all geographic
regions. By merchandise category, same store sales increased in
Cosmetics, Accessories, Shoes, Men's Wear and Women's Designer
Apparel. Preliminary third quarter sales of $1,420.6 million
increased 9.8 percent compared to third quarter 2002 sales of
$1,293.5 million. Third quarter same-store sales increased 5.0
percent. Preliminary year-to-date sales of $4.5 billion increased
7.2 percent compared to year-to-date 2002 sales of $4.2 billion.
Year-to-date same-store sales increased 2.6 percent. SALES
RECORDING To hear Nordstrom's prerecorded October sales message,
please dial 402-220-6036. This recording will be available for one
week. GAAP SALES PERFORMANCE The additional information provided in
this section is to comply with the Securities and Exchange
Commission's Regulation G. The Company converted to a 4-5-4 Retail
Calendar at the beginning of 2003. This change in the fiscal
calendar has resulted in differences in the number of days included
in the current period versus the same period in the prior year.
Sales performance numbers included in this sales release have been
calculated on a comparative 4-5-4 basis. The Company believes that
adjusting for these differences provides a more comparable basis
(4-5-4 vs. 4-5-4) from which to evaluate sales performance. The
following reconciliation bridges 2002 GAAP sales to the 4-5-4
comparable sales. Dollar % Change % Change October October
Increase/ Total Comp Sales Reconciliation ($M) 2003 2002 (Decrease)
Sales Sales Number of Days GAAP 28 31 GAAP Sales $454.4 $462.1
($7.7) (1.7%) (4.2%) Less Oct. 1-5, 2002 sales ($79.5) Plus Nov.
1-2, 2002 sales $43.2 Reported 4-5-4 sales $454.4 $425.8 $28.6 6.7%
3.5% 4-5-4 Adjusted Days 28 28 % Change % Change QTD QTD Dollar
Total Comp Sales Reconciliation ($M) 2003 2002 Increase Sales Sales
Number of Days GAAP 91 92 GAAP Sales $1,420.6 $1,323.2 $97.4 7.4%
2.5% Less Aug. 1-3, 2002 sales -- ($72.9) Plus Nov. 1-2, 2002 sales
-- $43.2 Reported 4-5-4 sales $1,420.6 $1,293.5 $127.1 9.8% 5.0%
4-5-4 Adjusted Days 91 91 % Change % Change YTD YTD Dollar Total
Comp Sales Reconciliation ($M) 2003 2002 Increase Sales Sales
Number of Days GAAP 274 273 GAAP Sales $4,559.3 4,224.5 $334.8 7.9%
2.9% Less Feb. 1, 2003 ($18.2) -- Less Feb. 1-2, 2002 sales --
($30.4) Plus Nov. 1-2, 2002 sales -- $43.2 Reported 4-5-4 sales
$4,541.1 $4,237.3 $303.8 7.2% 2.6% 4-5-4 Adjusted Days 273 273
FUTURE REPORTING DATES Nordstrom's financial release calendar for
the next several months is provided in the table below. Third
Quarter Earnings Thurs., November 20, 2003 November Sales Release
Thurs., December 4, 2003 December Sales Release Thurs., January 8,
2004 January Sales Release Thurs., February 5, 2004 Nordstrom, Inc.
is one of the nation's leading fashion specialty retailers, with
147 US stores located in 27 states. Founded in 1901 as a shoe store
in Seattle, today Nordstrom operates 91 full-line stores, 49
Nordstrom Racks, five Faconnable boutiques, one free-standing shoe
store, and one clearance store. Nordstrom also operates 31
international Faconnable boutiques, primarily in Europe.
Additionally, Nordstrom serves customers through its online
presence at http://www.nordstrom.com/ and through its direct mail
catalogs. SALES SUMMARY (unaudited; Oct. Oct. QTD QTD YTD YTD $ in
millions) 2003 2002 2003 2002 2003 2002 Total sales $454.4 $425.8
$1,420.6 $1,293.5 $4,541.1 $4,237.3 Total sales percentage change
6.7% 12.8% 9.8% 7.8% 7.2% 5.7% Same-store sales percentage change
3.5% 9.6% 5.0% 3.7% 2.6% 1.3% Number of stores (as of November 1,
2003) Full-line 91 88 Rack and other 56 55 International Faconnable
boutiques 31 23 Total 178 166 Gross square footage 19,011,000
18,428,000 CONTACT: Investor Contact: Stephanie Allen, 206-303-3262
Media Contact: Shasha Richardson, 206-373-3038 Certain statements
in this news release might contain "forward-looking" information
(as defined in the Private Securities Litigation Reform Act of
1995) that involves risks and uncertainties, including anticipated
results, store openings and distribution channels, planned capital
expenditures, and trends in company operations. Actual future
results and trends may differ materially from historical results or
current expectations depending upon factors including, but not
limited to, the company's ability to predict fashion trends,
consumer apparel buying patterns, the company's ability to control
costs, weather conditions, hazards of nature such as earthquakes
and floods, trends in personal bankruptcies and bad debt
write-offs, changes in interest rates, employee relations, the
company's ability to continue its expansion plans, and the impact
of economic and competitive market forces, including the impact of
terrorist activity or the impact of a war on the company, its
customers and the retail industry. Our SEC reports may 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.
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO
http://photoarchive.ap.org/ DATASOURCE: Nordstrom, Inc. CONTACT:
investors, Stephanie Allen, +1-206-303-3262, or media, Shasha
Richardson, +1-206-373-3038, both for Nordstrom, Inc. Web site:
http://www.nordstrom.com/
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