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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) January 7, 2010
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
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(COMMISSION FILE
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(I.R.S. EMPLOYER |
OF INCORPORATION)
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NUMBER)
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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):
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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 January 7, 2010, Nordstrom, Inc. issued a press release announcing
its preliminary December 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: January 7, 2010
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 December 2009 Preliminary Sales Release, dated January 7, 2010. |
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 |
January 7, 2010
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Nordstrom, Inc. |
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(206) 303-3290 |
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MEDIA CONTACT:
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Colin Johnson |
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Nordstrom, Inc. |
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(206) 373-3036 |
NORDSTROM REPORTS DECEMBER SALES
SEATTLE, Wash. (January 7, 2010) Nordstrom, Inc. (NYSE: JWN) today reported a 7.4 percent
increase in same-store sales for the five-week period ended January 2, 2010 compared with the
five-week period ended January 3, 2009. Preliminary total retail sales of $1.25 billion for
December 2009 increased 10.8 percent compared with total retail sales of $1.13 billion for the same
period in fiscal 2008.
Quarter-to-date same-store sales increased 5.4 percent compared with the same period in fiscal
2008. Preliminary quarter-to-date total retail sales of $2.00 billion increased 8.9 percent
compared with total retail sales of $1.83 billion for the same period in fiscal 2008.
Year-to-date same-store sales decreased 5.1 percent compared with the same period in fiscal
2008. Preliminary year-to-date total retail sales of $7.72 billion decreased 1.1 percent compared
with total retail sales of $7.80 billion for the same period in fiscal 2008.
Nordstroms quarter-to-date overall performance exceeded its expectations. As a result, the
company anticipates earnings per share for fiscal year 2009 will exceed the previously announced
outlook of $1.83 to $1.88.
Sales Recording
To hear Nordstroms pre-recorded December sales message, please dial 402-220-6036. This
recording will be available for one week.
December Sales Results
(unaudited; $ in millions)
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Total Retail Sales |
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Same-store Sales |
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Multi-channel |
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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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(Full-line Stores |
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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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Direct |
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and Direct) |
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Rack Stores |
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December |
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$ |
1,247 |
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$ |
1,125 |
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10.8 |
% |
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7.4 |
% |
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5.1 |
% |
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30.1 |
% |
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7.8 |
% |
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5.2 |
% |
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Quarter-to-date |
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$ |
1,996 |
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$ |
1,833 |
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8.9 |
% |
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5.4 |
% |
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2.9 |
% |
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27.3 |
% |
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5.6 |
% |
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4.4 |
% |
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Year-to-date |
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$ |
7,715 |
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$ |
7,803 |
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(1.1 |
%) |
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(5.1 |
%) |
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(8.0 |
%) |
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12.1 |
% |
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(6.0 |
%) |
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2.3 |
% |
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Number of stores |
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1/02/10 |
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1/03/09 |
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Full-line |
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112 |
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109 |
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Rack and other |
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72 |
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60 |
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Total |
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184 |
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169 |
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Gross
square
footage |
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22,773,000 |
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21,876,000 |
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Future Reporting Dates
Nordstroms planned financial release calendar for the next three months
currently includes:
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January Sales Release
|
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Thurs., February 4, 2010 |
Fourth Quarter Earnings Release
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Mon., February 22, 2010 |
February Sales Release
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Thurs., March 4, 2010 |
March Sales Release
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Thurs., April 8, 2010 |
About Nordstrom
Nordstrom, Inc. is one of the nations leading fashion specialty retailers, with 184 stores located
in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 112 full-line
stores, 69 Nordstrom Racks, two Jeffrey boutiques and one clearance store. In addition, Nordstrom
serves customers through its online presence at 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 trends
in company operations, the companys expected monthly financial result and anticipated earnings
results for the fourth quarter and fiscal year 2009. 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, public health concerns, 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 October 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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