Nordstrom Reports November Same-Store Sales Increase of 7.4%
04 Dicembre 2003 - 1:30PM
PR Newswire (US)
Nordstrom Reports November Same-Store Sales Increase of 7.4%
SEATTLE, Dec. 4 /PRNewswire-FirstCall/ -- Nordstrom, Inc. today
reported preliminary sales of $631.9 million for the four-week
period ending November 29, 2003, an increase of 10.2 percent
compared to sales of $573.6 million for the four-week period ending
November 30, 2002. Same-store sales increased 7.4 percent. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO ) November
same-store sales in full-line stores increased in all geographic
regions and all merchandise categories except Women's Bridge and
Special Sizes. Preliminary year-to-date sales of $5.2 billion
increased 7.5 percent compared to year-to-date 2002 sales of $4.8
billion. Year-to-date same-store sales increased 3.2 percent. Sales
Recording To hear Nordstrom's prerecorded November sales message,
please dial 402-220-6036. This recording will be available for one
week. GAAP Sales Performance The additional information provided in
this section is to comply with the Securities and Exchange
Commission's Regulation G. The Company converted to a 4-5-4 Retail
Calendar at the beginning of 2003. This change in the fiscal
calendar has resulted in differences in the number of days included
in the current period versus the same period in the prior year.
Sales performance numbers included in this sales release have been
calculated on a comparative 4-5-4 basis. The Company believes that
adjusting for these differences provides a more comparable basis
(4-5-4 vs. 4-5-4) from which to evaluate sales performance. The
following reconciliation bridges 2002 GAAP sales to the 4-5-4
comparable sales. % Change % Change Sales Nov. Nov. Dollar Total
Comp Reconciliation ($M) 2003 2002 Increase Sales Sales Number of
Days GAAP 28 30 GAAP Sales $631.9 $616.8 $15.1 2.4% (0.1%) Less
Nov. 1-2, 2002 sales ($43.2) Reported 4-5-4 sales $631.9 $573.6
$58.3 10.2% 7.4% 4-5-4 Adjusted Days 28 28 % Change % Change Sales
YTD YTD Dollar Total Comp Reconciliation ($M) 2003 2002 Increase
Sales Sales Number of Days GAAP 302 303 GAAP Sales $5,191.2
$4,841.3 $349.9 7.2% 2.5% Less Feb. 1, 2003 ($18.2) -- Less Feb.
1-2, 2002 sales -- ($30.4) Reported 4-5-4 sales $5,173.0 $4,810.9
$362.1 7.5% 3.2% 4-5-4 Adjusted Days 301 301 Future Reporting Dates
Nordstrom's financial release calendar for the next several months
is provided in the table below. December Sales Release Thurs.,
January 8, 2004 January Sales Release Thurs., February 5, 2004
Fourth Quarter Earnings Release Thurs., February 19, 2004 February
Sales Release Thurs., March 4, 2004 Nordstrom, Inc. is one of the
nation's leading fashion specialty retailers, with 148 US stores
located in 27 states. Founded in 1901 as a shoe store in Seattle,
today Nordstrom operates 92 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 Nov. Nov. YTD YTD (unaudited; $ in millions) 2003
2002 2003 2002 Total sales $631.9 $573.6 $5,173.0 $4,810.9 Total
sales percentage change 10.2% 4.3% 7.5% 5.6% Same-store sales
percentage change 7.4% (1.0%) 3.2% 1.0% Number of stores (as of
November 29, 2003) Full-line 92 88 Rack and other 56 55
International Faconnable boutiques 31 23 Total 179 166 Gross square
footage 19,138,000 18,428,000 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 of Nordstrom Web site:
http://www.nordstrom.com/
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