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Nordstrom Reports January Sales

Stocks in this article: JWN

Nordstrom, Inc. (NYSE:JWN) today reported a 5.0 percent increase in same-store sales for the four-week period ended January 28, 2012 compared with the four-week period ended January 29, 2011. Preliminary total retail sales of $688 million for January 2012 increased 13.2 percent compared with total retail sales of $607 million for the same period in fiscal 2010.

Fourth quarter same-store sales increased 7.1 percent compared with the same period in fiscal 2010. Preliminary fourth quarter total retail sales of $3.17 billion increased 12.5 percent compared with total retail sales of $2.82 billion for the same period in fiscal 2010.

Fiscal year 2011 same-store sales increased 7.2 percent compared with fiscal year 2010. Preliminary fiscal year 2011 total retail sales of $10.50 billion increased 12.7 percent compared with total retail sales of $9.31 billion for fiscal year 2010.

SALES RECORDING

To hear Nordstrom’s pre-recorded January sales message, please dial (402) 220-6036 beginning today at 8:40 a.m. EST. This recording will be available for one week.

 
JANUARY SALES RESULTS

(unaudited; $ in millions)

 
  Total Retail Sales       Same-store Sales

Fiscal

2011

 

Fiscal

2010

  Percent

Increase

Total   Nordstrom  

Nordstrom

Rack

January $688   $607   13.2% 5.0%   5.3%   1.3%
 
Fourth quarter $3,169 $2,816 12.5% 7.1% 8.4% 2.2%
 
Fiscal year $10,497 $9,310 12.7% 7.2% 8.2% 3.7%
 

Number of stores

Jan-12   Jan-11
Nordstrom 117 115
Nordstrom Rack and other 108 89
Total 225 204
 
Gross square footage 24,745,000 23,838,000
 

SAME-STORE SALES

Same-store sales include sales from stores that have been open at least one full year as of the beginning of the fiscal year. Nordstrom, formerly referred to as “Multi-Channel,” includes sales from both full-line stores and Direct because of the substantial integration of these two channels. Total same-store sales include accounting adjustments that are not allocated to Nordstrom and Nordstrom Rack. Same-store sales exclude sales made through HauteLook, Nordstrom’s online private sale subsidiary, which was acquired in the first quarter of 2011.

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