Nordstrom Reports November Sales

Nordstrom, Inc. (NYSE:JWN) today reported a 1.1 percent decrease in same-store sales for the four-week period ended November 24, 2012 compared with the four-week period ended November 26, 2011. Preliminary total retail sales of $926 million for November 2012 increased 1.8 percent compared with total retail sales of $910 million for the same period in fiscal 2011.

Sales were weaker in the first half of the month, largely attributable to a lower than planned Half-Yearly Sale for Women and Kids. Customers continue to demonstrate a strong preference for fashion and newness, which has made clearance events less compelling. Sales also were unfavorably impacted by store closures in the Northeast and Mid-Atlantic regions due to Hurricane Sandy. Sales trends in the second half of the month rebounded to their recent historical level.

Year-to-date same-store sales increased 6.7 percent compared with the same period in fiscal 2011. Preliminary year-to-date total retail sales of $9.09 billion increased 10.4 percent compared with total retail sales of $8.24 billion for the same period in fiscal 2011.

SALES RECORDING

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

NOVEMBER SALES RESULTS (unaudited; $ in millions)
		Total Retail Sales								Same-store Sales
		Fiscal 2012		Fiscal 2011		Percent Increase				Total			Nordstrom			Nordstrom Rack
November		$926		$910		1.8	%			(1.1	%)		(2.0	%)		4.3	%
Year-to-date		$9,092		$8,238		10.4	%			6.7	%		7.0	%		7.2	%
Number of stores		Nov-12		Nov-11
Nordstrom		117		117
Nordstrom Rack and other		123		108
Total		240		225
Gross square footage		25,290,000		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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