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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) October 8, 2009
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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WASHINGTON
(STATE OR OTHER JURISDICTION
OF INCORPORATION)
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001-15059
(COMMISSION FILE
NUMBER)
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91-0515058
(I.R.S. EMPLOYER
IDENTIFICATION NO.) |
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1617 SIXTH AVENUE, SEATTLE, WASHINGTON
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
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98101
(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):
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Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) |
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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 October 8, 2009, Nordstrom, Inc. issued a press release announcing
its preliminary September 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: October 8, 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 September 2009 Preliminary Sales Release, dated
October 8, 2009. |
exv99w1
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Exhibit 99.1 |
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FOR IMMEDIATE RELEASE
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INVESTOR CONTACT:
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Rob Campbell |
October 8, 2009
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Nordstrom, Inc. (206) 303-3290 |
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MEDIA CONTACT:
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Brooke White
Nordstrom, Inc.
(206) 373-3030 |
NORDSTROM REPORTS SEPTEMBER SALES
SEATTLE, Wash. (October 8, 2009) Nordstrom, Inc. (NYSE: JWN) today reported a 2.4 percent
decrease in same-store sales for the five-week period ended October 3, 2009 compared with the
five-week period ended October 4, 2008. Preliminary total retail sales were $720 million for
September 2009, an increase of 0.3 percent compared with total retail sales of $718 million for the
same period in fiscal 2008.
Quarter-to-date same-store sales decreased 4.6 percent compared with the same period in fiscal
2008. Preliminary quarter-to-date total retail sales of $1.26 billion decreased 1.1 percent
compared with total retail sales of $1.28 billion for the same period in fiscal 2008.
Year-to-date same-store sales decreased 9.8 percent compared with the same period in fiscal
2008. Preliminary year-to-date total retail sales of $5.11 billion decreased 6.1 percent compared
with total retail sales of $5.44 billion for the same period in fiscal 2008.
Sales Recording
To hear Nordstroms pre-recorded September sales message, please dial 402-220-6036. This
recording will be available for one week.
September 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 |
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September |
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$ |
720 |
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$ |
718 |
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0.3 |
% |
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(2.4 |
%) |
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(3.9 |
%) |
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0.0 |
% |
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Quarter-to-date |
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$ |
1,261 |
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$ |
1,276 |
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(1.1 |
%) |
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(4.6 |
%) |
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(7.7 |
%) |
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1.7 |
% |
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Year-to-date |
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$ |
5,112 |
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$ |
5,442 |
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(6.1 |
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(9.8 |
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(12.8 |
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1.3 |
% |
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October 3, |
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October 4, |
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Number of stores |
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2009 |
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2008 |
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Full-line |
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112 |
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107 |
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Rack and other |
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67 |
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58 |
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Total |
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179 |
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165 |
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Gross square footage |
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22,595,000 |
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21,574,000 |
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Expansion Update
On September 25, 2009 Nordstrom opened a full-line store at Kenwood Towne Centre in
Cincinnati, Ohio. Also in September, Nordstrom opened two Nordstrom Rack stores at Arbor Lakes in
Maple Grove, Minnesota and Beverly Connection in Los Angeles, California.
Today, Nordstrom will open a Nordstrom Rack store at Hastings Village in Pasadena, California.
Additionally, in October, Nordstrom plans to open two Nordstrom Rack stores at Westfield Oakridge
in San Jose, California and Gateway Center in Austin, Texas.
Future Reporting Dates
Nordstroms planned financial release calendar for the next three months currently includes:
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October Sales Release |
Thurs., November 5, 2009 |
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Third Quarter Earnings Release |
Thurs., November 12, 2009 |
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November Sales Release |
Thurs., December 3, 2009 |
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December Sales Release |
Thurs., January 7, 2010 |
About Nordstrom
Nordstrom, Inc. is one of the nations leading fashion specialty retailers, with 179 stores located
in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 112 full-line
stores, 64 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, impact of the current regulatory
environment and financial system reforms, 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 and
its Form 10-Q for the fiscal quarter ended August 1, 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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