Nordstrom Reports January Sales

Nordstrom, Inc. (NYSE: JWN) today reported an 11.4 percent increase in same-store sales for January.

Similar to many other retailers, Nordstrom follows the retail 4-5-4 reporting calendar, which included an extra week in the fourth quarter of fiscal 2012 (the 53 ^rd week). In the 53 ^rd week, the company had preliminary total retail sales of approximately $162 million. The 53 ^rd week is excluded from same-store sales calculations.

Preliminary total retail sales of $951 million for the five week period ended February 2, 2013 increased 38.4 percent compared with total retail sales of $688 million for the four week period ended January 28, 2012. Excluding sales for the 53 ^rd week, preliminary total retail sales for the four week period ended January 26, 2013 increased 14.9 percent.

Fourth quarter same-store sales increased 6.3 percent compared with the same period in fiscal 2011. Preliminary fourth quarter total retail sales of $3.60 billion increased 13.5 percent compared with total retail sales of $3.17 billion for the same period in fiscal 2011.

Fiscal year 2012 same-store sales increased 7.3 percent compared with the same period in fiscal 2011. Preliminary fiscal year 2012 total retail sales of $11.76 billion increased 12.1 percent compared with total retail sales of $10.50 billion for the same period in fiscal 2011.

SALES RECORDING

To hear Nordstrom’s pre-recorded January sales message, please dial [phone] beginning today at 8:40 a.m. EST. This recording will be available for one week.

JANUARY SALES RESULTS (unaudited; $ in millions)

		Total Retail Sales										Same-store Sales
								Excluding				Excludes the 53 rd Week
								53 rd Week
		Fiscal		Fiscal		Percent		Percent									Nordstrom
		2012		2011		Increase		Increase 1				Total			Nordstrom		Rack
January		$951		$688		38.4%		14.9%				11.4%			13.7%		9.0%
Fourth quarter		$3,596		$3,169		13.5%		8.4%				6.3%			6.1%		7.1%
Fiscal year		$11,762		$10,497		12.1%		10.5%					7.3%		7.5%		7.4%
1 53rd week sales are approximately $162 million
Number of stores		Jan-13		Jan-12
Nordstrom		117		117
Nordstrom Rack and other		123		108
Total		240		225
Gross square footage		25,290,000		24,745,000

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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