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Nordstrom Reports April Sales

Stocks in this article: JWN

Nordstrom, Inc. (NYSE: JWN) today reported a 7.1 percent increase in same-store sales for the four-week period ended April 28, 2012 compared with the four-week period ended April 30, 2011. Preliminary total retail sales of $802 million for April 2012 increased 10.5 percent compared with total retail sales of $726 million for the same period in fiscal 2011.

First quarter same-store sales increased 8.5 percent compared with the same period in fiscal 2011. Preliminary first quarter total retail sales of $2.53 billion increased 13.7 percent compared with total retail sales of $2.23 billion for the same period in fiscal 2011.

SALES RECORDING

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

APRIL SALES RESULTS

(unaudited; $ in millions)

      Total Retail Sales       Same-store Sales

Fiscal

   

Fiscal

   

Percent

       

Nordstrom

2012

   

2011

   

Increase

Total

   

Nordstrom

   

Rack

April $802 $726 10.5% 7.1% 7.0% 7.3%
 
First Quarter $2,535 $2,229 13.7% 8.5% 9.3% 6.8%
 
 
Number of stores Apr-12     Apr-11
Nordstrom 117 116
Nordstrom Rack and other 112 95
Total 229 211
 
Gross square footage 24,898,000 24,184,000
 

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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