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Nordstrom Reports February Sales

Stocks in this article: JWN

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 (402) 220-6036 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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