Nordstrom Reports June Same-Store Sales Increase of 5.7 Percent
08 Luglio 2004 - 2:30PM
PR Newswire (US)
Nordstrom Reports June Same-Store Sales Increase of 5.7 Percent
SEATTLE, July 8 /PRNewswire-FirstCall/ -- Nordstrom, Inc.
(NYSE:JWN) today reported preliminary sales of $707.4 million for
the five-week period ending July 3, 2004, an increase of 8.5
percent compared to sales of $652.0 million for the five-week
period ending July 5, 2003. Same-store sales increased 5.7 percent.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO ) June
same-store sales in full-line stores increased in all geographic
regions and all major merchandise categories except women's active
wear, kids' apparel and women's special sizes. Preliminary
quarter-to-date sales of $1.2 billion increased 9.8 percent
compared to 2003 quarter-to-date sales of $1.1 billion.
Quarter-to-date same-store sales increased 7.2 percent. Preliminary
year-to-date sales of $2.7 billion increased 13.5 percent compared
to sales of $2.4 billion in 2003. Year-to-date same-store sales
increased 10.5 percent. Sales Recording To hear Nordstrom's
prerecorded June sales message, please dial 402-220-6036. This
recording will be available for one week. Future Reporting Dates
Nordstrom's financial release calendar for the next several months
is provided in the table below. July Sales Release Thurs., August
5, 2004 Second Quarter Earnings Thurs., August 19, 2004 August
Sales Release Thurs., Sept. 2, 2004 September Sales Release Thurs.,
Oct. 7, 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 (unaudited; $ in
millions) June June QTD QTD YTD YTD 2004 2003 2004 2003 2004 2003
Total sales $707.4 $652.0 $1,206.5 $1,098.8 $2,742.0 $2,416.2 Total
sales percentage change 8.5% 6.4% 9.8% 7.2% 13.5% 5.1% Same-store
sales percentage change 5.7% 1.9% 7.2% 2.4% 10.5% 0.3% Number of
stores (as of July 3, 2004) Full-line 93 89 Rack and other 56 54
International Faconnable boutiques 31 31 Total 180 174 Gross square
footage 19,289,000 18,629,000 GAAP Sales Performance The additional
information provided in this section is to comply with the
Securities and Exchange Commission's Regulation G. The Company
converted to a 4-5-4 Retail Calendar at the beginning of 2003.
Year-to-date results for 2003 include one more day than the
year-to-date for 2004. The Company believes that adjusting for this
difference provides a more comparable basis from which to evaluate
sales performance. The following reconciliation bridges the
year-to-date 2003 GAAP sales to the 4-5-4 comparable sales. Sales
Reconciliation ($M) Dollar % Change % Change YTD 2003 YTD 2004
Increase Total Comp Sales Sales Number of Days GAAP 155 154 GAAP
Sales $2,434.4 $2,742.0 $307.6 12.6% 9.6% Less Feb. 1, 2003 sales
($18.2) -- Reported 4-5-4 sales $2,416.2 $2,742.0 $325.8 13.5%
10.5% 4-5-4 Adjusted Days 154 154 Investor Contact: Stephanie
Allen, 206-303-3262 Media Contact: Deniz Anders, 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, Deniz
Anders, +1-206-373-3038, both for Nordstrom, Inc. Web site:
http://www.nordstrom.com/
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