e8vk
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) |
REGISTRANTS 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
companys 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 Nordstroms 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 companys international Façonnable boutiques through August 31, 2007
and the companys 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
Nordstroms 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 nations 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 companys SEC reports, including its Form 10-K for the fiscal year
ended February 3, 2007, contain factors that could affect the companys 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.