Nordstrom Reports Holiday Sales
16 Gennaio 2019 - 12:00AM
Business Wire
Comparable Sales Increase of 1.3%
Nordstrom, Inc. (NYSE: JWN) today announced a comparable sales
increase of 1.3 percent for the nine weeks ended January 5, 2019,
compared with the nine weeks ended January 6, 2018.
In Full-Price, comparable sales increased 0.3 percent relative
to the third quarter year-to-date increase of 1.9 percent,
reflecting softer traffic in stores. In Off-Price, comparable sales
increased 3.9 percent, which was consistent with year-to-date
trends and expectations. Digital sales for the Company increased 18
percent over the same period last year, representing 36 percent of
sales.
While year-to-date comparable sales of 2.1 percent were in-line
with the Company’s prior outlook of approximately 2 percent for
fiscal 2018, Full-Price sales were below the Company’s
expectations. As a result, the Company has incorporated in its
annual expectations higher markdowns taken during holiday and to
reposition inventory to a more appropriate level by the end of the
year. Earnings per diluted share is expected to be around the low
end of the Company’s prior outlook range of $3.27 to $3.37,
including the third quarter estimated non-recurring credit-related
charge of $0.28, or for comparability, $3.55 to $3.65, excluding
the impact of the charge.
The Company remains committed to achieving its long-term
financial targets, which supports three strategic objectives in
driving higher shareholder returns: continuing market share gains,
improving profitability and returns and maintaining disciplined
capital allocation.
The Company is scheduled to report its fourth quarter and
full-year 2018 financial results after the close of the financial
markets on February 28, 2019. Additional detail on the Company’s
financial performance will be provided at that time.
ABOUT NORDSTROM
Nordstrom, Inc. is a leading fashion retailer based in the U.S.
Founded in 1901 as a shoe store in Seattle, today Nordstrom
operates 379 stores in 40 states, including 121 full-line stores in
the United States, Canada and Puerto Rico; 244 Nordstrom Rack
stores; three Jeffrey boutiques; two clearance stores; six Trunk
Club clubhouses; and three Nordstrom Local service concepts.
Additionally, customers are served online through Nordstrom.com,
Nordstromrack.com, HauteLook and TrunkClub.com. 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. The words "will," "may," "designed to," "outlook,"
"believes," "should," "anticipates," "plans," "expects," "intends,"
"estimates," "forecasts" and similar expressions identify certain
of these forward-looking statements. The Company also may provide
forward-looking statements in oral statements or other written
materials released to the public. All statements contained or
incorporated in this news release or in any other public statements
that address such future events or expectations are forward-looking
statements. Factors that could cause actual results to differ
materially from these forward-looking statements are discussed in
the Company's Annual Report on Form 10-K for the fiscal year
ended February 3, 2018 and its Form 10-Q for the
fiscal quarters ended May 5, 2018, August 4, 2018 and November 3,
2018. The Company undertakes no obligation to update or revise any
forward-looking statements to reflect subsequent events, new
information or future circumstances, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190115005937/en/
INVESTOR CONTACT:Trina SchurmanNordstrom,
Inc.206-303-6503
MEDIA CONTACT:Gigi Ganatra DuffNordstrom,
Inc.206-303-3030
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