- --------------------------------------------------------------------------- ------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------------------------------------------- FORM 8-K ----------------------------------------------------------- CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE THE SECURITIES EXCHANGE ACT OF 1934 ------------------------------------------------------------ DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) October 9, 2003 ------------------------------------------------------------ NORDSTROM, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ------------------------------------------------------------ WASHINGTON 0-6074 91-0515058 (STATE OR OTHER JURISDICTION (COMMISSION FILE (I.R.S. EMPLOYER OF INCORPORATION) NUMBER) 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) ---------------------------------------------------------------------- ------------------------------------------------- ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS (C) EXHIBITS 99.1 Nordstrom September 2003 Preliminary Sales Release, dated October 9, 2003. ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On October 9, 2003, Nordstrom, Inc. issued a press release announcing its preliminary September 2003 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. NORDSTROM, INC. By: /s/ Michael G. Koppel ----------------------- Michael G. Koppel Executive Vice President and Chief Financial Officer Dated: October 9, 2003 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION 99.1 Nordstrom September 2003 Preliminary Sales Release, dated October 9, 2003.
Exhibit 99.1 For Immediate Release October 9, 2003 NORDSTROM REPORTS SEPTEMBER SAME-STORE SALES INCREASE OF 7.7% SEATTLE - October 9, 2003 - Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $563.7 million for the five-week period ending October 4, 2003, an increase of 11.4 percent compared to sales of $505.9 million for the five-week period ending October 5, 2002. Same-store sales increased 7.7 percent. September same-store sales in full-line stores increased in all geographic regions and all major merchandise divisions. Preliminary quarter-to-date sales of $966.2 million increased 11.4 percent compared to quarter-to-date 2002 sales of $867.6 million. Quarter-to-date same-store sales increased 5.8 percent. Preliminary year-to-date sales of $4.1 billion increased 7.2 percent compared to year-to-date 2002 sales of $3.8 billion. Year-to-date same-store sales increased 2.6 percent. SALES RECORDING To hear Nordstrom's prerecorded September sales message, please dial (402) 220-6036. This recording will be available for one week. GAAP SALES PERFORMANCE The additional information provided in this section is to comply with the Securities and Exchange Commission's Regulation G. The Company converted to a 4-5-4 Retail Calendar at the beginning of 2003. This change in the fiscal calendar has resulted in differences in the number of days included in the current period versus the same period in the prior year. Sales performance numbers included in this sales release have been calculated on a comparative 4-5-4 basis. The Company believes that adjusting for these differences provides a more comparable basis (4-5-4 vs. 4-5-4) from which to evaluate sales performance. The following reconciliation bridges 2002 GAAP sales to the 4-5-4 comparable sales.
Dollar Increase/ % Change % Change Sales Reconciliation ($M) September 2003 September 2003 Decrease Total Sales Comp Sales ------------ ------------ ---------------- ----------- --------- Number of Days GAAP 35 30 GAAP Sales $563.7 $426.4 $137.3 32.2% 27.2% Plus October 1-5, 2002 sales - $79.5 Reported 4-5-4 sales $563.7 $505.9 $57.8 11.4% 7.7% ========= ========= 4-5-4 Adjusted Days 35 35
Dollar Increase/ % Change % Change Sales Reconciliation ($M) QTD 2003 QTD 2003 Decrease Total Sales Comp Sales ------------ ------------ ---------------- ----------- --------- Number of Days GAAP 63 61 GAAP Sales $966.2 $861.1 $105.1 12.2% 6.0% Less Aug. 1-3, 2002 sales - ($73.0) Plus Oct. 1-5, 2002 sales - $79.5 Reported 4-5-4 sales $966.2 $867.6 $98.6 11.4% 5.8% ========= ========= 4-5-4 Adjusted Days 63 63 FUTURE REPORTING DATES Nordstrom's financial release calendar for the next several months is provided in the table below. October Sales Release Thurs., November 6, 2003 Third Quarter Earnings Thurs., November 20, 2003 November Sales Release Thurs., December 4, 2003 December Sales Release Thurs., January 8, 2004 Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 147 US stores located in 27 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 91 full-line stores, 49 Nordstrom Racks, five Faconnable boutiques, one free-standing shoe store, and one clearance store. Nordstrom also operates 31 international Faconnable boutiques, primarily in Europe. Additionally, Nordstrom serves customers through its online presence at http://www.nordstrom.com and through its direct mail catalogs.
Dollar % Change % Change Sales Reconciliation ($M) YTD 2003 YTD 2002 Increase Total Sales Comp Sales ----------- ----------- ---------------- ----------- ---------- Number of Days GAAP 246 242 GAAP Sales $4,104.9 $3,762.4 $342.5 9.1% 3.7% Less Feb. 1, 2003 ($18.2) - Less Feb. 1-2, 2002 sales - ($30.4) Plus Oct. 1-5, 2002 sales - $79.5 Reported 4-5-4 sales $4,086.7 $3,811.5 $275.2 7.2% 2.6% ========= ========= 4-5-4 Adjusted Days 245 245 Investor Contact: Stephanie Allen, 206-303-3262 Media Contact: Shasha Richardson, 206-373-3038 Certain statements in this news release might contain "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties, including anticipated results, store openings and distribution channels, planned capital expenditures, and trends in company operations. Actual future results and trends may differ materially from historical results or current expectations depending upon factors including, but not limited to, the company's ability to predict fashion trends, consumer apparel buying patterns, the company's ability to control costs, weather conditions, hazards of nature such as earthquakes and floods, trends in personal bankruptcies and bad debt write-offs, changes in interest rates, employee relations, the company's ability to continue its expansion plans, and the impact of economic and competitive market forces, including the impact of terrorist activity or the impact of a war on the company, its customers and the retail industry. Our SEC reports may 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. ###
SALES SUMMARY (unaudited; $ in millions) Sept. Sept. QTD QTD YTD YTD 2003 2002 2003 2002 2003 2002 ---- ---- ---- ---- ---- ---- Total sales $563.7 $505.9 $966.2 $867.6 $4,086.7 $3,811.5 Total sales percentage change 11.4% 6.6% 11.4% 5.4% 7.2% 5.0% Same-store sales percentage change 7.7% 1.7% 5.8% 1.0% 2.6% 0.5% Number of stores (as of October 4, 2003) Full-line 91 86 Rack and other 56 55 International Faconnable boutiques 31 23 --- --- Total 178 164 Gross square footage 19,011,000 18,047,000