Nordstrom July Same-Store Sales Increase 6.1 Percent
05 Agosto 2004 - 2:30PM
PR Newswire (US)
Nordstrom July Same-Store Sales Increase 6.1 Percent SEATTLE, Aug.
5 /PRNewswire-FirstCall/ -- Nordstrom, Inc. (NYSE:JWN) today
reported preliminary sales of $746.9 million for the four-week
period ending July 31, 2004, an increase of 8.9 percent compared to
sales of $686.0 million for the four-week period ending August 2,
2003. Same-store sales increased 6.1 percent. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO ) July
same-store sales in full-line stores increased in all geographic
regions and all major merchandise categories. Preliminary
quarter-to-date sales of $2.0 billion increased 9.4 percent
compared to 2003 quarter-to-date sales of $1.8 billion.
Quarter-to-date same-store sales increased 6.8 percent. Preliminary
year-to-date sales of $3.5 billion increased 12.5 percent compared
to sales of $3.1 billion in 2003. Year-to-date same-store sales
increased 9.5 percent. SALES RECORDING To hear Nordstrom's
prerecorded July sales message, please dial 402-220-6036. This
recording will be available for one week. SALES SUMMARY (unaudited;
July July QTD QTD YTD YTD $ in millions) 2004 2003 2004 2003 2004
2003 Total sales $746.9 $686.0 $1,953.5 $1,784.8 $3,489.0 $3,102.1
Total sales percentage change 8.9% 8.8% 9.4% 7.8% 12.5% 5.9%
Same-store sales percentage change 6.1% 6.0% 6.8% 3.8% 9.5% 1.5%
Number of stores (as of July 31, 2004) Full-line 93 89 Rack and
other 56 54 International Faconnable boutiques 31 31 Total 180 174
Gross square footage 19,289,000 18,629,000 GAAP SALES PERFORMANCE
The additional information provided in this section is to comply
with the Securities and Exchange Commission's Regulation G. The
Company converted to a 4-5-4 Retail Calendar at the beginning of
2003. Year-to-date results for 2003 include one more day than the
year-to-date for 2004. The Company believes that adjusting for this
difference provides a more comparable basis from which to evaluate
sales performance. The following reconciliation bridges the
year-to-date 2003 GAAP sales to the 4-5-4 comparable sales. Sales
Reconciliation ($M) % Change % Change YTD YTD Dollar Total Comp
2003 2004 Increase Sales Sales Number of Days GAAP 183 182 GAAP
Sales $3,120.3 $3,489.0 $368.7 11.8% 8.8% Less Feb. 1, 2003 sales
($18.2) -- Reported 4-5-4 sales $3,102.1 $3,489.0 $386.9 12.5% 9.5%
4-5-4 Adjusted Days 182 182 FUTURE REPORTING DATES Nordstrom's
financial release calendar for the next several months is provided
in the table below. Second Quarter Earnings Thurs., Aug. 19, 2004
August Sales Release Thurs., Sept. 2, 2004 September Sales Release
Thurs., Oct. 7, 2004 October Sales Release Thurs., Nov. 4, 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. 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:
Investor Contact, Stephanie Allen, +1-206-303-3262, or Media
Contact, Deniz Anders, +1-206-373-3038, both for Nordstrom, Inc.
Web site: http://www.nordstrom.com/
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