Nordstrom March Same-Store Sales Increase 15.9 Percent
08 Aprile 2004 - 2:30PM
PR Newswire (US)
Nordstrom March Same-Store Sales Increase 15.9 Percent SEATTLE,
April 8 /PRNewswire-FirstCall/ -- Nordstrom, Inc. today reported
preliminary sales of $620.8 million for the five-week period ending
April 3, 2004, an increase of 19.8 percent compared to sales of
$518.2 million for the five-week period ending April 5, 2003.
Same-store sales increased 15.9 percent. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO ) March
same-store sales in full-line stores increased in all geographic
regions and all merchandise categories. Preliminary quarter-to-date
sales of $1.1 billion increased 18.8 percent compared to sales of
$0.9 billion in 2003. Quarter-to-date same-store sales increased
14.9 percent. FIRST QUARTER GUIDANCE Based on quarter-to-date sales
and gross profit performance, the Company is now expecting first
quarter earnings per share to exceed prior guidance of $0.23 to
$0.28. As a percent to sales, quarter to date gross profit is
trending over 200 basispoints higher than the prior year. SALES
RECORDING To hear Nordstrom's prerecorded March sales message,
please dial 402-220-6036. This recording will be available for one
week. GAAP SALES PERFORMANCE The additional information provided in
this section is to comply with the Securities and Exchange
Commission's Regulation G. The Company converted to a 4-5-4 Retail
Calendar at the beginning of 2003. The first quarter of 2003
includes one more day than the first quarter of 2004. The Company
believes that adjusting for this difference provides a more
comparable basis from which to evaluate sales performance. The
following reconciliation bridges the quarter-to-date 2003 GAAP
sales to the 4-5-4 comparable sales. % Change % Change QTD QTD
Dollar Total Comp Sales 2003 2004 Increase Sales Sales
Reconciliation ($M) Number of Days GAAP 64 63 GAAP Sales $903.8
$1,052.1 $148.3 16.4% 12.5% Less Feb. 1, 2003 sales ($18.2) --
Reported 4-5-4 sales $885.6 $1,052.1 $166.5 18.8% 14.9% 4-5-4
Adjusted Days 63 63 FUTURE REPORTING DATES Nordstrom's financial
release calendar for the next several months is provided in the
table below. April Sales Release Thurs., May 6, 2004 First Quarter
Earnings Thurs., May 20, 2004 Annual Meeting Tues., May 25, 2004
May Sales Release Thurs., June 3, 2004 Nordstrom, Inc. is one of
the nation's leading fashion specialty retailers, with 149 US
stores located in 27 states. Founded in 1901 as a shoe store in
Seattle, today Nordstrom operates 93 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 Mar. Mar. QTD QTD (unaudited; 2004 2003 2004 2003 $
in millions) Total sales $620.8 $518.2 $1,052.1 $885.6 Total sales
percentage change 19.8% 2.9% 18.8% 2.7% Same-store sales percentage
change 15.9% (1.7%) 14.9% (1.9%) Number of stores (as of April 3,
2004) Full-line 93 89 Rack and other 56 54 International Faconnable
boutiques 31 24 Total 180 167 Gross square footage 19,289,000
18,613,000 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:
Investor, 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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