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.
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.
|OCTOBER SALES RESULTS|
|(unaudited; $ in millions)|
|Total Retail Sales||Same-store Sales|
|Fiscal 2012||Fiscal 2011||Percent Increase||Total||Nordstrom||Nordstrom Rack|
|Number of stores||Oct-12||Oct-11|
|Nordstrom Rack and other||121||108|
|Gross square footage||25,213,000||24,744,000|
EXPANSION UPDATEIn October, Nordstrom opened three Nordstrom Rack stores at Town & Country in Phoenix, Ariz.; Alamo Quarry Market in San Antonio, Texas; and Huntington Shopping Center in Huntington, N.Y. In addition, Nordstrom relocated its Nordstrom Rack store at the City Center in White Plains, N.Y. to another floor at the same location. In November, Nordstrom plans to open two Nordstrom Rack stores at Warwick Mall in Warwick, R.I. and Northgate Mall in Seattle, Wash. Nordstrom also announced plans to open four Nordstrom Rack stores beginning in 2013 at Manhasset Center in Long Island, N.Y.; Promenade in Crocker Park in Cleveland, Ohio; Collection Anex in Chicago, III.; and Baldwin Commons in Auburn Hills, Mich. FUTURE REPORTING DATES Nordstrom’s planned financial release calendar through the next quarterly earnings period currently includes:
|Third Quarter Earnings Release||Thurs., November 8, 2012|
|November Sales Release||Thurs., November 29, 2012|
|December Sales Release||Thurs., January 3, 2013|
|January Sales Release||Thurs., February 7, 2013|
|Fourth Quarter Earnings Release||Thurs., February 21, 2013|