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.
