EX-99 2 niex991110807.txt Exhibit 99.1 For Immediate Release November 8, 2007 NORDSTROM REPORTS OCTOBER 2007 SALES SEATTLE - November 8, 2007 - Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $625.7 million for the four-week period ending November 3, 2007, an increase of 0.5 percent compared to sales of $622.5 million for the four-week period ending October 28, 2006. Same-store sales decreased 2.4 percent. Preliminary third quarter sales of $1.97 billion increased 5.3 percent compared to sales of $1.87 billion during the same period in 2006. Third quarter same-store sales increased 2.2 percent. Preliminary year-to-date sales of $6.31 billion increased 6.5 percent compared to sales of $5.93 billion during the same period in 2006. Year-to- date same-store sales increased 5.8 percent. 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
SALES SUMMARY Total Sales (1) Same-store Sales (2) (unaudited; $ in millions) ----------- ---------------- Fiscal Fiscal Percent Total Full-line Rack 2007 2006 Increase Retail Stores Stores ------ ------ -------- ------ --------- ------ October $625.7 $622.5 0.5% (2.4%) (3.9%) 3.8% Third Quarter $1,970.4 $1,872.1 5.3% 2.2% 0.6% 7.8% Year-to-date $6,313.8 $5,929.8 6.5% 5.8% 4.6% 9.8% Number of stores(3) Full-line 101 99 Rack and other 56 52 Faconnable boutiques 0 40 Total 157 191 Gross square footage 20,542,000 20,278,000
(1)Total sales results include the impact of the sales return reserve and sales from our international Faconnable boutiques through August 31, 2007 and our domestic Faconnable boutiques through October 31, 2007. (2)Same-store sales results exclude the impact of the sales return reserve and sales from our international and domestic Faconnable boutiques. (3)On October 31, 2007, we completed the previously announced sale of our Faconnable boutiques. Future Reporting Dates Nordstrom's financial release calendar for the next three months is currently planned as follows: Third Quarter Earnings Mon., November 19, 2007 November Sales Release Thurs., December 6, 2007 December Sales Release Thurs., January 10, 2008 January Sales Release Thurs., February 7, 2008 Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 157 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 101 Full-line stores, 51 Nordstrom Racks, two Jeffrey boutiques, one free-standing shoe store, 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. Investor Contact: Media Contact: Chris Holloway, 206-303-3290 Michael Boyd, 206-373-3038 Certain statements in this news release contain "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involves 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, our ability to respond to the business environment and fashion trends, effective inventory management, the impact of economic and competitive market forces, successful execution of our store growth strategy including the timely completion of construction associated with newly planned stores, our 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 our multi- channel strategy, our ability to safeguard our brand and reputation, efficient and proper allocation of our capital resources, successful execution of our technology strategy, the impact of terrorist activity or war on our customers and the retail industry, trends in personal bankruptcies and bad debt write-offs, changes in interest rates, our ability to control costs, our ability to maintain our relationships with our employees, weather conditions, and hazards of nature that affect consumer traffic and consumers' purchasing patterns. Our SEC reports, including our Form 10-K for the fiscal year ended February 3, 2007, 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.