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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) August 6, 2009
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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WASHINGTON
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001-15059
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91-0515058 |
(STATE OR OTHER JURISDICTION
OF INCORPORATION)
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(COMMISSION FILE
NUMBER)
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(I.R.S. EMPLOYER
IDENTIFICATION NO.) |
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1617 SIXTH AVENUE, SEATTLE, WASHINGTON
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98101 |
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
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(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 August 6, 2009, Nordstrom, Inc. issued a press release announcing
its preliminary July 2009 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.
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NORDSTROM, INC.
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By: |
/s/ Robert B. Sari
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Robert B. Sari |
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Executive Vice President,
General Counsel and Corporate
Secretary |
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Dated: August 6, 2009
EXHIBIT INDEX
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EXHIBIT |
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NUMBER |
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DESCRIPTION |
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99.1
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Nordstrom July 2009 Preliminary Sales Release, dated
August 6, 2009. |
exv99w1
Exhibit 99.1
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FOR IMMEDIATE RELEASE
August 6, 2009
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INVESTOR CONTACT:
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Rob Campbell
Nordstrom, Inc.
(206) 303-3290 |
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MEDIA CONTACT:
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Brooke White
Nordstrom, Inc.
(206) 373-3030 |
NORDSTROM REPORTS JULY SALES
SEATTLE, Wash. (August 6, 2009) Nordstrom, Inc. (NYSE: JWN) today reported a decrease in
same-store sales for July of 6.9 percent compared with the same period in fiscal 2008. Preliminary
total retail sales were $806 million for the four-week period ended August 1, 2009, a decrease of
4.1 percent compared with total retail sales of $840 million for the four-week period ended August
2, 2008.
Full-line same-store sales performance for the first 16 days of the Anniversary Sale, which
began Friday, July 17th, declined 6.6 percent compared with the prior year.
The events same-store sales results were favorable to the companys expectations. The Anniversary
Sale, which typically makes July the second-largest sales month of the year, had the same timing
and duration as last years event.
Second quarter same-store sales decreased 9.8 percent compared with the same period in fiscal
2008. Preliminary second quarter total retail sales of $2.14 billion decreased 6.2 percent compared
with total retail sales of $2.29 billion during the same period in fiscal 2008.
Year-to-date same-store sales decreased 11.3 percent compared with the same period in fiscal
2008. Preliminary year-to-date total retail sales of $3.85 billion decreased 7.6 percent compared
with total retail sales of $4.17 billion for the same period in fiscal 2008.
Sales Recording
To hear Nordstroms pre-recorded July sales message, please dial 402-220-6036. This recording
will be available for one week.
July Sales Results
(unaudited; $in millions)
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Total Retail Sales |
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Same-store Sales |
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Percent |
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Fiscal |
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Fiscal |
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Increase/ |
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Full-line |
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Rack |
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2009 |
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2008 |
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(Decrease) |
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Total |
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Stores |
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Stores |
July |
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$ |
806 |
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$ |
840 |
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(4.1 |
%) |
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(6.9 |
%) |
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(7.8 |
%) |
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(0.5 |
%) |
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Second Quarter |
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$ |
2,145 |
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$ |
2,287 |
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(6.2 |
%) |
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(9.8 |
%) |
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(12.3 |
%) |
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0.8 |
% |
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Year-to-date |
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$ |
3,851 |
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$ |
4,166 |
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(7.6 |
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(11.3 |
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(14.2 |
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1.1 |
% |
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Number of stores |
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August 1, 2009 |
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August 2, 2008 |
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Full-line |
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111 |
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105 |
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Rack and other |
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64 |
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54 |
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Total |
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175 |
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159 |
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Gross square footage |
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22,351,000 |
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21,139,000 |
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Expansion Update
On August 21, 2009, Nordstrom plans to open a Nordstrom Rack store at the Shops of Southlake
in Southlake, Texas.
Future Reporting Dates
Nordstroms financial release calendar for the next three months is currently planned as
follows:
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Second
Quarter Earnings Release
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Thurs., August 13, 2009 |
August Sales Release
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Thurs., September 3, 2009 |
September Sales Release
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Thurs., October 8, 2009 |
October Sales Release
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Thurs., November 5, 2009 |
About Nordstrom
Nordstrom, Inc. is one of the nations leading fashion specialty retailers, with 175 stores located
in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 111 full-line
stores, 61 Nordstrom Racks, two Jeffrey boutiques, and one clearance store. In addition, Nordstrom
serves customers through its online presence at http://www.nordstrom.com and through its catalogs.
Nordstrom, Incs common stock 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
planned store openings and trends in company operations. 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
deteriorating 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
companys ability to safeguard its brand and reputation, effective inventory management, efficient
and proper allocation of the companys capital resources, successful execution of the companys
store growth strategy including the timely completion of construction associated with newly planned
stores, relocations and remodels, all of which may be impacted by the financial health of third
parties, the companys compliance with applicable banking and related laws and regulations
impacting the companys ability to extend credit to its customers, trends in personal bankruptcies
and bad debt write-offs, availability and cost of credit, changes in interest rates, disruptions in
the companys supply chain, the companys ability to maintain its relationship with vendors and
developers who may be experiencing economic difficulties, the geographic locations of the companys
stores, the companys ability to maintain its relationships with its employees and to effectively
train and develop its future leaders, the companys compliance with information security and
privacy laws and regulations, employment laws and regulations and other laws and regulations
applicable to the company, successful execution of the companys information technology strategy,
successful execution of the companys multi-channel strategy, risks related to fluctuations in
world currencies, weather conditions and hazards of nature that affect consumer traffic and
consumers purchasing patterns, the effectiveness of planned advertising, marketing, and
promotional campaigns, the companys ability to control costs, 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
January 31, 2009. The company undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events, new information or future circumstances.
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