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) August 7, 2008
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) |
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))
TABLE OF CONTENTS
|
|
|
ITEM 7.01 |
|
REGULATION FD DISCLOSURE |
On August 7, 2008, Nordstrom, Inc. issued a press release announcing
its preliminary July 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/ Michael G. Koppel
|
|
|
|
Michael G. Koppel |
|
|
|
Executive Vice President and
Chief Financial Officer |
|
|
Dated: August 7, 2008
EXHIBIT INDEX
|
|
|
EXHIBIT |
|
|
NUMBER |
|
DESCRIPTION |
|
|
|
99.1
|
|
Nordstrom July 2008 Preliminary Sales Release, dated
August 7, 2008. |
exv99w1
Exhibit 99.1
|
|
|
|
|
|
|
FOR IMMEDIATE RELEASE
|
|
|
|
INVESTOR CONTACT:
|
|
Chris Holloway |
August 7, 2008
|
|
|
|
|
|
Nordstrom, Inc. |
|
|
|
|
|
|
(206) 303-3290 |
|
|
|
|
|
|
|
|
|
|
|
MEDIA CONTACT:
|
|
Michael Boyd |
|
|
|
|
|
|
Nordstrom, Inc. |
|
|
|
|
|
|
(206) 373-3038 |
NORDSTROM REPORTS JULY SALES
SEATTLE (August 7, 2008) Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of
$840 million for the four-week period ended August 2, 2008, a decrease of 6.7 percent compared to
sales of $901 million for the four-week period ended August 4, 2007. Same-store sales decreased
6.1 percent.
Preliminary second quarter sales of $2.29 billion decreased 4.3 percent compared to sales of
$2.39 billion during the same period in 2007. Second quarter same-store sales decreased 6.0
percent.
Preliminary year-to-date sales of $4.17 billion decreased 4.1 percent compared to sales of
$4.34 billion for the same period in 2007. Year-to-date same-store sales decreased 6.2 percent.
Sales Recording
To hear Nordstroms pre-recorded July sales message, please dial 800-891-8250 or 402-220-6036.
This recording will be available for one week.
JULY SALES RESULTS
(unaudited; $ in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Sales |
|
|
Same-store Sales2 |
|
|
|
|
|
|
|
|
|
|
|
Percent |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal |
|
|
Fiscal |
|
|
Increase/ |
|
|
|
|
|
|
Full-line |
|
|
Rack |
|
|
|
2008 |
|
|
20071 |
|
|
(Decrease) |
|
|
Total |
|
|
Stores |
|
|
Stores |
|
July |
|
$ |
840 |
|
|
$ |
901 |
|
|
|
(6.7 |
%) |
|
|
(6.1 |
%) |
|
|
(9.1 |
%) |
|
|
6.4 |
% |
|
Second Quarter |
|
$ |
2,287 |
|
|
$ |
2,390 |
|
|
|
(4.3 |
%) |
|
|
(6.0 |
%) |
|
|
(9.0 |
%) |
|
|
6.3 |
% |
|
Year-to-date |
|
$ |
4,166 |
|
|
$ |
4,344 |
|
|
|
(4.1 |
%) |
|
|
(6.2 |
%) |
|
|
(9.1 |
%) |
|
|
5.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of stores as of July |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full-line |
|
|
105 |
|
|
|
98 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rack and other |
|
|
54 |
|
|
|
55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Façonnable boutiques3 |
|
|
|
|
|
|
41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
159 |
|
|
|
194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross square footage |
|
|
21,139,000 |
|
|
|
20,191,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
Total sales results for fiscal 2007 include sales from the companys international and
domestic Façonnable boutiques. |
|
2 |
|
Same-store sales results exclude sales from Façonnable. |
|
3 |
|
On October 31, 2007, the company completed the sale of Façonnable. |
Future Reporting Dates
Nordstroms financial release calendar for the next three months is currently planned as
follows:
|
|
|
|
|
|
|
|
|
Second Quarter Earnings Release
|
|
Thurs., August 14, 2008
|
|
|
|
|
August Sales Release
|
|
Thurs., September 4, 2008 |
|
|
|
|
September Sales Release
|
|
Wed., October 8, 2008 |
|
|
|
|
October Sales Release
|
|
Thurs., November 6, 2008 |
|
|
Nordstrom, Inc. is one of the nations leading fashion specialty retailers, with 159 stores
located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 105
full-line stores, 50 Nordstrom Racks, two Jeffrey boutiques, 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.
Certain statements in this news release contain or may suggest forward-looking information
(as defined in the Private Securities Litigation Reform Act of 1995), including the companys
expected quarterly and monthly results. Such statements are based upon the current beliefs and
expectations of the companys management and are subject to significant risks and uncertainties.
Actual future results and trends may differ materially from historical results or current
expectations depending upon factors including, but not limited to the impact of economic and market
conditions and the resultant impact on consumer spending patterns, the companys ability to respond
to the business environment and fashion trends, the competitive pricing environment within the
retail sector, effective inventory management, the effectiveness of planned advertising, marketing,
and promotional campaigns, the companys compliance with applicable banking and related laws and
regulations impacting the companys ability to extend credit to its customers, the companys
ability to safeguard its brand and reputation, efficient and proper allocation of the companys
capital resources, trends in personal bankruptcies and bad debt write-offs, changes in interest
rates, the companys ability to control costs, risks related to fluctuations in world currencies,
weather conditions and hazards of nature that affect consumer traffic and consumers purchasing
patterns, and the timing and amounts of share repurchases by the company. For additional
information regarding these and other risk factors, please refer to the companys SEC reports,
including its Form 10-K for the fiscal year ended February 2, 2008. The company undertakes no
obligation to update or revise any forward-looking statements to reflect subsequent events, new
information or future circumstances.
###