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TheStreet Open House

Nordstrom Reports October And Third Quarter Sales

Stocks in this article: JWN

Nordstrom, Inc. (NYSE:JWN) today reported a 9.8 percent increase in same-store sales for the four-week period ended October 27, 2012 compared with the four-week period ended October 29, 2011. Preliminary total retail sales of $835 million for October 2012 increased 11.5 percent compared with total retail sales of $749 million for the same period in fiscal 2011.

Third quarter same-store sales, which reflected a shift in the timing of the Anniversary Sale event, increased 10.7 percent compared with the same period in fiscal 2011. Preliminary third quarter total retail sales of $2.71 billion increased 13.8 percent compared with total retail sales of $2.38 billion for the same period in fiscal 2011.

Year-to-date same-store sales increased 7.7 percent compared with the same period in fiscal 2011. Preliminary year-to-date total retail sales of $8.17 billion increased 11.4 percent compared with total retail sales of $7.33 billion for the same period in fiscal 2011.

SALES RECORDING

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

OCTOBER SALES RESULTS

(unaudited; $ in millions)

 
  Total Retail Sales   Same-store Sales

Fiscal

2012

 

Fiscal

2011

 

Percent

Increase

Total   Nordstrom  

Nordstrom

Rack

October $835   $749   11.5% 9.8%   10.2%   10.5%
 
Third Quarter $2,713 $2,383 13.8% 10.7% 11.2% 8.1%
 
Year-to-date $8,166 $7,328 11.4% 7.7% 8.1% 7.5%
 

Number of stores

Oct-12   Oct-11
Nordstrom 117 117
Nordstrom Rack and other 121 108
Total 238 225
 
Gross square footage 25,213,000 24,744,000
 

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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