UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) April 7, 2005
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
WASHINGTON 001-15059 91-0515058
(STATE OR OTHER JURISDICTION (COMMISSION FILE (I.R.S. EMPLOYER
OF INCORPORATION) NUMBER) IDENTIFICATION NO.)
1617 SIXTH AVENUE, SEATTLE, WASHINGTON 98101
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (206) 628-2111
INAPPLICABLE
(FORMER NAME OR FORMER ADDRESS IF CHANGED SINCE LAST REPORT)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2 below):
___ Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
___ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
___ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
___ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01 REGULATION FD DISCLOSURE
On April 7, 2005, Nordstrom, Inc. issued a press release announcing
its preliminary March 2005 sales. A copy of this press release is attached as
Exhibit 99.1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
NORDSTROM, INC.
By: /s/ Michael G. Koppel
-----------------------
Michael G. Koppel
Executive Vice President and
Chief Financial Officer
Dated: April 7, 2005
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
99.1 Nordstrom March 2005 Preliminary Sales Release, dated
April 7, 2005.
For Immediate Release
- ---------------------
April 7, 2005
NORDSTROM MARCH SAME-STORE SALES INCREASE 5.5 PERCENT
-----------------------------------------------------
SEATTLE - April 7, 2005 - Nordstrom, Inc. (NYSE: JWN) today reported
preliminary sales of $657.3 million for the five-week period ending April 2,
2005, an increase of 6.7 percent compared to sales of $616.3 million for the
five-week period ending April 3, 2004. Same-store sales increased 5.5 percent
(1).
Preliminary quarter-to-date sales of $1.1 billion increased 7.6 percent
compared to 2004 quarter-to-date sales of $1.0 billion. Quarter-to-date same-
store sales increased 6.3 percent.
Sales Recording
To hear Nordstrom's prerecorded March sales message, please dial (402)
220-6036. This recording will be available for one week.
SALES SUMMARY Total Sales Same-store Sales (1)
----------- ----------------
(unaudited; Fiscal Fiscal Percent Total Full-Line Rack
$ in millions) 2005 2004 Increase Retail Stores Stores
--------- --------- -------- ------ --------- ------
March $657.3 $616.3 6.7% 5.5% 3.7% 15.4%
Quarter-to-Date $1,122.7 $1,043.7 7.6% 6.3% 4.5% 16.7%
Number of stores
Full-line 95 93
Rack and other 56 56
International
Faconnable
boutiques 31 31
--- ---
Total 182 180
Gross square
footage 19,550,000 19,289,000
Balance Sheet and Cash Flow Restatements
Tomorrow, April 8, 2005, Nordstrom is planning to file an amended Form
10-K for the year ended January 31, 2004, along with an accompanying Form 8-K
report, in order to correct two errors in previously issued balance sheet and
cash flow statements. The corrections relate to an evaluation of Nordstrom's
lease accounting policy, which was first announced along with fourth quarter
earnings in February. Previously reported net earnings, earnings per share,
shareholders' equity and long-term debt are not impacted by these corrections.
(1) Effective February 2005, Nordstrom Direct sales, which include catalog
and Internet, are included in Total Retail same-store sales. To serve as a
basis for comparison, as this was not the case last year, a presentation of
2004 monthly, quarterly and full-year same-store sales that includes Nordstrom
Direct is available on the Investor Relations homepage of our website under
Recent Reports.
Future Reporting Dates
Nordstrom's financial release calendar for the next several months is
currently planned as follows:
April Sales Release Thurs., May 5, 2005
First Quarter Earnings Tues., May 17, 2005
Shareholder Meeting Tues., May 24, 2005
May Sales Release Thurs., June 2, 2005
June Sales Release Thurs., July 7, 2005
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 151 US stores located in 27 states. Founded in 1901 as a shoe
store in Seattle, today Nordstrom operates 95 full-line stores, 49 Nordstrom
Racks, five Faconnable boutiques, one free-standing shoe store, and one
clearance store. Nordstrom also operates 31 international Faconnable
boutiques in Europe. Additionally, Nordstrom serves customers through its
online presence at http://www.nordstrom.com and through its direct mail
catalogs.
Investor Contact: Media Contact:
Stephanie Allen, 206-303-3262 Deniz Anders, 206-373-3038