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) November 3, 2011
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) | |||||
REGISTRANT’S 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:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | 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 November 3, 2011, Nordstrom, Inc. issued a press release announcing its preliminary October 2011 sales. A copy of this press release is attached as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| 99.1 | Nordstrom October 2011 Preliminary Sales Release, dated November 3, 2011. |
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/ Robert B. Sari | |
| Robert B. Sari Executive Vice President, General Counsel and Corporate Secretary | ||
Dated: November 3, 2011
EXHIBIT INDEX
| EXHIBIT NUMBER |
DESCRIPTION | |
| 99.1 | Nordstrom October 2011 Preliminary Sales Release, dated November 3, 2011. | |
Exhibit 99.1
| FOR IMMEDIATE RELEASE | INVESTOR CONTACT: | Rob Campbell | ||||
| November 3, 2011 | Nordstrom, Inc. | |||||
| (206) 233-6550 | ||||||
| MEDIA CONTACT: | Colin Johnson | |||||
| Nordstrom, Inc. | ||||||
| (206) 303-3036 | ||||||
Nordstrom Reports October Sales
SEATTLE, Wash. (November 3, 2011) – Nordstrom, Inc. (NYSE: JWN) today reported a 5.4 percent increase in same-store sales for the four-week period ended October 29, 2011 compared with the four-week period ended October 30, 2010. Preliminary total retail sales of $749 million for October 2011 increased 13.3 percent compared with total retail sales of $662 million for the same period in fiscal 2010.
Third quarter same-store sales increased 7.9 percent compared with the same period in fiscal 2010. Preliminary third quarter total retail sales of $2.38 billion increased 14.2 percent compared with total retail sales of $2.09 billion for the same period in fiscal 2010.
Year-to-date same-store sales increased 7.2 percent compared with the same period in fiscal 2010. Preliminary year-to-date total retail sales of $7.33 billion increased 12.8 percent compared with total retail sales of $6.49 billion for the same period in fiscal 2010.
SALES RECORDING
To hear Nordstrom’s pre-recorded October sales message, please dial (402) 220-6036. This recording will be available for one week.
OCTOBER SALES RESULTS
(unaudited; $ in millions)
| Total Retail Sales | Same-store Sales | |||||||||||||||||||||||||
| Fiscal 2011(1) |
Fiscal 2010 |
Percent Increase |
Total | Nordstrom(2) | Nordstrom Rack |
|||||||||||||||||||||
| October |
$749 | $662 | 13.3% | 5.4% | 5.7% | 7.4% | ||||||||||||||||||||
| Third Quarter |
$2,383 | $2,087 | 14.2% | 7.9% | 8.5% | 6.8% | ||||||||||||||||||||
| Year-to-date |
$7,328 | $6,494 | 12.8% | 7.2% | 8.1% | 4.3% | ||||||||||||||||||||
| Number of stores |
10/29/11 | 10/30/10 | ||||||||||||||||||||||||
| Nordstrom |
117 | 115 | ||||||||||||||||||||||||
| Nordstrom Rack and other |
108 | 88 | ||||||||||||||||||||||||
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| Total |
225 | 203 | ||||||||||||||||||||||||
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| Gross square footage |
24,744,000 | 23,802,000 | ||||||||||||||||||||||||
(1)Includes sales made through HauteLook, Nordstrom’s online private sale subsidiary.
(2) Nordstrom, formerly referred to as “Multi-channel,” includes Nordstrom full-line stores and Direct.
EXPANSION UPDATE
In October, Nordstrom opened three Nordstrom Rack stores at Market at Town Center in Sugar Land, Texas; The Corner in Tucson, Ariz.; and Westfield Plaza Bonita in National City, Calif.
FUTURE REPORTING DATES
Nordstrom’s planned financial release calendar for the next three months currently includes:
| Third Quarter Earnings Release | Thurs., November 10, 2011 | |
| November Sales Release | Thurs., December 1, 2011 | |
| December Sales Release | Thurs., January 5, 2012 | |
| January Sales Release | Thurs., February 2, 2012 | |
| Fourth Quarter Earnings Release | Thurs., February 16, 2012 |
ABOUT NORDSTROM
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 225 stores in 30 states, including 117 full-line stores, 104 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the Company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.’s 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) that involve risks and uncertainties, including, but not limited to, trends in company operations. Such statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. Actual future results 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; our ability to maintain our relationships with vendors; our ability to respond to the business environment, fashion trends and consumer preferences, including changing expectations of service and experience in stores and online; effective inventory management; successful execution of our growth strategy, including possible expansion into new markets, technological investments and acquisitions, including our ability to realize the anticipated benefits from such acquisitions, and the timely completion of construction associated with newly planned stores, relocations and remodels, which may be impacted by the financial health of third parties; our ability to maintain relationships with our employees and to effectively attract, develop and retain our future leaders; successful execution of our multi-channel strategy; our compliance with applicable banking and related laws and regulations impacting our ability to extend credit to our customers; impact of the current regulatory environment and financial system and health care reforms; the impact of any systems failures and/or security breaches, including any security breaches that result in the theft, transfer or unauthorized disclosure of customer, employee or company information or our compliance with information security and privacy laws and regulations in the event of such an incident; our compliance with employment laws and regulations and other laws and regulations applicable to us; trends in personal bankruptcies and bad debt write-offs; changes in interest rates; efficient and proper allocation of our capital resources; availability and cost of credit; our ability to safeguard our brand and reputation; successful execution of our information technology strategy; weather conditions, natural disasters, health hazards or other market disruptions, or the prospects of these events and the impact on consumer spending patterns; disruptions in our supply chain; the geographic locations of our stores; the effectiveness of planned advertising, marketing and promotional campaigns; our ability to control costs; and the timing and amounts of share repurchases by the company, if any, or any share issuances by the company, including issuances associated with option exercises or other matters. Our SEC reports, including our Form 10-K for the fiscal year ended January 29, 2011, and our Forms 10-Q for the fiscal quarters ended April 30, 2011 and July 30, 2011, contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. 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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