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Nordstrom Reports March Sales

Stocks in this article: JWN

Nordstrom, Inc. (NYSE:JWN) today reported an 8.6 percent increase in same-store sales for the five-week period ended March 31, 2012 compared with the five-week period ended April 2, 2011. Preliminary total retail sales of $1.03 billion for March 2012 increased 14.7 percent compared with total retail sales of $897 million for the same period in fiscal 2011.

Quarter-to-date same-store sales increased 9.2 percent compared with the same period in fiscal 2011. Preliminary quarter-to-date total retail sales of $1.73 billion increased 15.3 percent compared with total retail sales of $1.50 billion for the same period in fiscal 2011.

SALES RECORDING

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

MARCH SALES RESULTS

(unaudited; $ in millions)

Total Retail Sales       Same-store Sales

Fiscal 2012

 

Fiscal 2011

 

Percent Increase

Total   Nordstrom  

Nordstrom Rack

March $1,029   $897   14.7% 8.6%   9.3%   7.3%
 
Quarter-to-date $1,733 $1,503 15.3% 9.2% 10.4% 6.7%
 
Number of stores Mar-12   Mar-11
Nordstrom 117 115
Nordstrom Rack and other 109 94
Total 226 209
 
Gross square footage 24,790,000 24,021,000

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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