EX-99.1 2 v52675exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(NORDSTROM LOGO)
       
FOR IMMEDIATE RELEASE   INVESTOR CONTACT:   Rob Campbell
June 4, 2009   Nordstrom, Inc.
    (206) 303-3290   
       
    MEDIA CONTACT:   Brooke White
    Nordstrom, Inc.
    (206) 373-3030
NORDSTROM REPORTS MAY SALES
     SEATTLE, Wash. (June 4, 2009) – Nordstrom, Inc. (NYSE: JWN) today reported preliminary retail sales of $653 million for the four-week period ended May 30, 2009, a decrease of 8.7 percent compared with retail sales of $716 million for the four-week period ended May 31, 2008. Same-store sales for May decreased 13.1 percent compared with the same period in fiscal 2008.
     Preliminary year-to-date retail sales of $2.36 billion decreased 9.1 percent compared with retail sales of $2.59 billion for the same period in fiscal 2008. Year-to-date same-store sales decreased 13.2 percent compared with the same period in fiscal 2008.
Sales Recording
     To hear Nordstrom’s pre-recorded May sales message, please dial 402-220-6036. This recording will be available for one week.
May Sales Results
(unaudited; $ in millions)
                                                 
    Total Retail Sales   Same-store Sales
                    Percent                
    Fiscal   Fiscal   Increase/           Full-line   Rack
    2009   2008   (Decrease)   Total   Stores   Stores
         
May
   $ 653     $ 716       (8.7 %)     (13.1 %)     (16.7 %)     2.2 %
 
                                                
Year-to-date
   $ 2,359     $ 2,595       (9.1 %)     (13.2 %)     (16.6 %)     1.5 %
                 
Number of stores   May 30, 2009   May 31, 2008
Full-line
     111       105  
Rack and other
     65       54  
 
                
Total
     176       159  
 
                
Gross square footage
     22,377,000       21,139,000  
Future Reporting Dates
     Nordstrom’s financial release calendar for the next three months is currently planned as follows:
     
June Sales Release
  Thurs., July 9, 2009
July Sales Release
  Thurs., August 6, 2009
Second Quarter Earnings Release
  Thurs., August 13, 2009
August Sales Release
  Thurs., September 3, 2009
About Nordstrom
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 176 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 two clearance stores. In addition, Nordstrom serves customers through its online

 

 

presence at http://www.nordstrom.com and through its catalogs. 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), including 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 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 company’s ability to respond to the business environment and fashion trends, the company’s ability to safeguard its brand and reputation, effective inventory management, efficient and proper allocation of the company’s capital resources, successful execution of the company’s 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 company’s compliance with applicable banking and related laws and regulations impacting the company’s 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 company’s supply chain, the company’s ability to maintain its relationship with vendors and developers who may be experiencing economic difficulties, the geographic locations of the company’s stores, the company’s ability to maintain its relationships with its employees and to effectively train and develop its future leaders, the company’s 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 company’s information technology strategy, successful execution of the company’s 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 company’s 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 company’s 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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