Nordstrom Reports February Sales

Nordstrom, Inc. (NYSE:JWN) today reported a 10.2 percent increase in same-store sales for the four-week period ended February 25, 2012 compared with the four-week period ended February 26, 2011. Preliminary total retail sales of $704 million for February 2012 increased 16.2 percent compared with total retail sales of $606 million for the same period in fiscal 2011.

February 2012 included a shift in the timing of a shoe clearance event relative to last year. It improved total February same-store sales by an estimated 200 to 250 basis points and will reduce total March same-store sales by an estimated 150 to 200 basis points.

SALES RECORDING

To hear Nordstrom’s pre-recorded February sales message, please dial [phone] beginning today at 8:40 a.m. EST. This recording will be available for one week.

FEBRUARY SALES RESULTS
(unaudited; $ in millions)
	Total Retail Sales						Same-store Sales
	Fiscal 2012		Fiscal 2011		Percent Increase		Total		Nordstrom		Nordstrom Rack
February	$704		$606		16.2%		10.2%		11.9%		5.9%
Number of stores	Feb-12		Feb-11
Nordstrom	116		115
Nordstrom Rack and other	108		89
Total	224		204
Gross square footage	24,623,000		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 includes sales from both full-line stores and Direct because of the 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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