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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) February 7, 2008
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
         
WASHINGTON   001-15059   91-0515058
         
(STATE OR OTHER JURISDICTION
OF INCORPORATION)
  (COMMISSION FILE
NUMBER)
  (I.R.S. EMPLOYER
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):
  o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
  o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
  o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
  o   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 February 7, 2008, Nordstrom, Inc. issued a press release announcing its preliminary January 2008 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/ Lisa G. Iglesias    
    Lisa G. Iglesias   
    Executive Vice President,
General Counsel and Corporate
Secretary 
 
 
Dated: February 7, 2008

 


 

EXHIBIT INDEX
     
EXHIBIT    
NUMBER   DESCRIPTION
 
   
99.1
  Nordstrom January 2008 Preliminary Sales Release, dated February 7, 2008.

 

exv99w1
 

Exhibit 99.1
For Immediate Release
Feburary 7, 2008
NORDSTROM REPORTS JANUARY SALES
     SEATTLE — February 7, 2008 — Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $486.3 million for the four-week period ended February 2, 2008, compared to sales of $610.1 million for the five-week period ended February 3, 2007. Same-store sales decreased 6.6 percent and total sales decreased 20.3 percent. Notably, the 2006 fiscal calendar had 53 weeks compared to the company’s normal operating calendar of 52 weeks. As a result, both the previous January sales period and the fourth quarter of fiscal 2006 had one additional week compared to the same periods in fiscal 2007. Excluding the extra week of sales in January of fiscal 2006 for comparative purposes, January total sales decreased 1.2% in fiscal 2007. The extra week of sales affects the total sales calculations, but does not affect same-store sales calculations.
     Preliminary 2007 fourth quarter sales were $2.51 billion compared to 2006 fourth quarter sales of $2.63 billion. Fourth quarter same-store sales decreased 0.7 percent and total sales decreased 4.4 percent. Excluding the extra week of sales in the fourth quarter of 2006, total sales were flat in the fourth quarter of 2007.
     Preliminary fiscal year 2007 sales were $8.83 billion compared to fiscal year 2006 sales of $8.56 billion. Fiscal 2007 same-store sales increased 3.9 percent and total sales increased 3.1 percent. Excluding the extra week of sales in fiscal 2006, total sales increased 4.6% in fiscal year 2007.
Sales Recording
     To hear Nordstrom’s pre-recorded January sales message, please dial (402) 220-6036. This recording will be available for one week.
JANUARY SALES RESULTS
(unaudited; $ in millions)
                                                 
    Total Sales1     Same-store Sales2  
                    Percent                      
    Fiscal     Fiscal     Increase/             Full-line     Rack  
    2007     2006     (Decrease)     Total     Stores     Stores  
         
January
  $ 486.3     $ 610.1       (20.3 )%     (6.6 )%     (8.2 )%     0.8 %
 
                                               
Fourth Quarter
  $ 2,514.2     $ 2,630.9       (4.4 )%     (0.7 )%     (2.3 )%     5.8 %
 
                                               
Fiscal Year
  $ 8,828.0     $ 8,560.7       3.1 %     3.9 %     2.5 %     8.7 %
 
                                               
Number of stores3
                                               
Full-line
    101       98                                  
Rack and other
    55       53                                  
Façonnable boutiques
          40                                  
 
                                           
Total
    156       191                                  
 
                                           
 
                                               
Gross square footage
    20,502,000       20,170,000                                  
 
1   Due to the 53rd week in the fiscal 2006 calendar, the final period last year included a fifth week, which negatively impacts 2007 reported results. Total sales results include sales from the company’s international Façonnable boutiques through August 31, 2007 and the company’s domestic Façonnable boutiques through October 31, 2007.
 
2   Same-store sales results exclude sales from Façonnable.
 
3   On October 31, 2007, the company completed the previously announced sale of Façonnable.
Expansion Update
     On February 15, 2008, the company plans to open a full-line store at Aventura Mall in Aventura, Fla.
Future Reporting Dates
     Nordstrom’s financial release calendar for the next three months is currently planned as follows:
     
Fourth Quarter Earnings Release
  Mon., February 25, 2008

 


 

     
February Sales Release
  Thurs., March 6, 2008
March Sales Release
  Thurs., April 10, 2008
April Sales Release
  Thurs., May 8, 2008
     Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 156 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 101 Full-line stores, 50 Nordstrom Racks, two Jeffrey boutiques, one free-standing shoe store, and two clearance stores. In addition, Nordstrom serves customers through its online presence at www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
     
Investor Contact:
  Media Contact:
Chris Holloway, 206-303-3290
  Michael Boyd, 206-373-3038
     Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties. The company’s SEC reports, including its Form 10-K for the fiscal year ended February 3, 2007, contain factors that could affect the company’s financial results and cause actual results to differ materially from any forward-looking information the company may provide. The company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.