Nordstrom December Same-Store Sales Increase 9.1%
08 Gennaio 2004 - 1:30PM
PR Newswire (US)
Nordstrom December Same-Store Sales Increase 9.1% SEATTLE, Jan. 8
/PRNewswire-FirstCall/ -- Nordstrom, Inc. today reported
preliminary sales of $941.8 million for the five-week period ending
January 3, 2004, an increase of 12.2 percent compared to sales of
$839.2 million for the five-week period ending January 4, 2003.
Same-store sales increased 9.1 percent. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO ) December
same-store sales in full-line stores increased in all geographic
regions and all major merchandise categories. Preliminary
quarter-to-date sales of $1.6 billion increased 11.4 percent
compared to quarter-to-date 2002 sales of $1.4 billion.
Quarter-to-date same-store sales increased 8.4 percent. Preliminary
year-to-date sales of $6.1 billion increased 8.2 percent compared
to year-to-date 2002 sales of $5.7 billion. Year-to-date same-store
sales increased 4.1 percent. Sales Recording To hear Nordstrom's
prerecorded November sales message, please dial 402-220-6036. This
recording will be available for one week. GAAP Sales Performance
The additional information provided in this section is to comply
with the Securities and Exchange Commission's Regulation G. The
Company converted to a 4-5-4 Retail Calendar at the beginning of
2003. This change in the fiscal calendar has resulted in
differences in the number of days included in the current period
versus the same period in the prior year. Sales performance numbers
included in this sales release have been calculated on a
comparative 4-5-4 basis. The Company believes that adjusting for
these differences provides a more comparable basis (4-5-4 vs.
4-5-4) from which to evaluate sales performance. The following
reconciliation bridges 2002 GAAP sales to the 4-5-4 comparable
sales. %Change %Change Sales Dec. Dec. Dollar Total Comp
Reconciliation ($M) 2003 2002 Increase Sales Sales Number of Days
GAAP 35 31 GAAP Sales $941.8 $789.1 $152.7 19.4% 15.8% Plus Jan.
1-4, 2003 sales $50.1 Reported 4-5-4 sales $941.8 $839.2 $102.6
12.2% 9.1% 4-5-4 Adjusted Days 35 35 % Change %Change Sales QTD QTD
Dollar Total Comp Reconciliation ($M) 2003 2002 Increase Sales
Sales Number of Days GAAP 63 61 GAAP Sales $1,573.7 $1,405.9 $167.8
11.9% 8.9% Less Nov. 1-2, 2002 sales -- ($43.2) Plus Jan. 1-4, 2003
sales -- $50.1 Reported 4-5-4 sales $1,573.7 $1,412.8 $160.9 11.4%
8.4% 4-5-4 Adjusted Days 63 63 % Change %Change Sales YTD YTD
Dollar Total Comp Reconciliation ($M) 2003 2002 Increase Sales
Sales Number of Days GAAP 337 334 GAAP Sales $6,133.0 $5,630.4
$502.6 8.9% 4.4% Less Feb. 1, 2003 ($18.2) -- Less Feb. 1-2, 2003
sales -- ($30.4) Plus Jan. 1-4, 2003 sales -- $50.1 Reported 4-5-4
sales $6,114.8 $5,650.1 $464.7 8.2% 4.1% 4-5-4 Adjusted Days 336
336 Future Reporting Dates Nordstrom's financial release calendar
for the next several months is provided in the table below. 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 Dec. Dec. QTD QTD
YTD YTD (unaudited; 2003 2002 2003 2002 2003 2002 $ in millions)
Total sales $941.8 $839.2 $1,573.7 $1,412.8 $6,114.8 $5,650.1 Total
sales percentage change 12.2% 9.2% 11.4% 7.1% 8.2% 6.1% Same-store
sales percentage change 9.1% 3.4% 8.4% 1.6% 4.1% 1.4% Number of
stores (as of Jan. 3, 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 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 of Nordstrom, Inc. Web site:
http://www.nordstrom.com/
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