Nordstrom, Inc. (NYSE:JWN) today reported a 4.4 percent increase in same-store sales for the five-week period ended September 29, 2012 compared with the five-week period ended October 1, 2011. Preliminary total retail sales of $1.01 billion for September 2012 increased 7.4 percent compared with total retail sales of $943 million for the same period in fiscal 2011. Quarter-to-date same-store sales, which reflected a shift in the timing of the Anniversary Sale event, increased 11.1 percent compared with the same period in fiscal 2011. Preliminary quarter-to-date total retail sales of $1.88 billion increased 14.9 percent compared with total retail sales of $1.63 billion for the same period in fiscal 2011. Year-to-date same-store sales increased 7.5 percent compared with the same period in fiscal 2011. Preliminary year-to-date total retail sales of $7.33 billion increased 11.4 percent compared with total retail sales of $6.58 billion for the same period in fiscal 2011. SALES RECORDING To hear Nordstrom’s pre-recorded September sales message, please dial 402-220-6036 beginning today at 8:40 a.m. EDT. This recording will be available for one week.
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.
|SEPTEMBER SALES RESULTS|
|(unaudited; $ in millions)|
|Total Retail Sales||Same-store Sales|
|Fiscal 2012||Fiscal 2011||Percent Increase||Total||Nordstrom||Nordstrom Rack|
|Number of stores||Sep-12||Sep-11|
|Nordstrom Rack and other||118||105|
|Gross square footage||25,113,000||24,638,000|
EXPANSION UPDATEIn September, Nordstrom opened four Nordstrom Rack stores at Manchester Highlands in Manchester, Mo.; Tysons Corner, Va.; Carmel Mountain Plaza in San Diego, Calif.; and Edinger Plaza in Huntington Beach, Calif. In addition, Nordstrom relocated its Nordstrom Rack store at the Mall at the Source in Long Island, N.Y. to the nearby Gallery at Westbury Plaza. Today, Nordstrom opens two Nordstrom Rack stores at Town & Country in Phoenix, Ariz. and at Alamo Quarry Market in San Antonio, Texas. Additionally in October, Nordstrom plans to open one Nordstrom Rack store at Huntington Shopping Center in Huntington, N.Y. and relocate its Nordstrom Rack store in White Plains, N.Y. to another floor at the same location. Nordstrom also announced plans to open four full-line stores in Canada beginning in 2014, full-line stores in Jacksonville, Fla. and The Woodlands in Houston, Texas in 2014, and Nordstrom Rack stores in Ann Arbor, Mich.; Columbus, Ohio; and Milwaukee, Wisc. beginning in 2013. FUTURE REPORTING DATES Nordstrom’s planned financial release calendar for the next three months currently includes:
|October Sales Release||Thurs., November 1, 2012|
|Third Quarter Earnings Release||Thurs., November 8, 2012|
|November Sales Release||Thurs., November 29, 2012|
|December Sales Release||Thurs., January 3, 2013|