e8vk
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) July 9, 2009
NORDSTROM, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
|
|
|
|
|
WASHINGTON
|
|
001-15059
|
|
91-0515058 |
|
|
|
|
|
(STATE OR OTHER JURISDICTION
|
|
(COMMISSION FILE
|
|
(I.R.S. EMPLOYER |
OF INCORPORATION)
|
|
NUMBER)
|
|
IDENTIFICATION NO.) |
|
|
|
1617 SIXTH AVENUE, SEATTLE, WASHINGTON
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
|
|
98101
(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):
o |
|
Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425) |
|
o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12) |
|
o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
|
|
|
ITEM 7.01 |
|
REGULATION FD DISCLOSURE |
On July 9, 2009, Nordstrom, Inc. issued a press release announcing
its preliminary June 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.
|
|
|
|
|
|
NORDSTROM, INC.
|
|
|
By: |
/s/ Robert B. Sari
|
|
|
|
Robert B. Sari |
|
|
|
Executive Vice President,
General Counsel and Corporate
Secretary |
|
|
Dated: July 9, 2009
EXHIBIT INDEX
|
|
|
EXHIBIT |
|
|
NUMBER |
|
DESCRIPTION |
|
|
|
99.1
|
|
Nordstrom June 2009 Preliminary Sales Release, dated
July 9, 2009. |
exv99w1
Exhibit 99.1
|
|
|
|
|
FOR IMMEDIATE RELEASE
|
|
INVESTOR CONTACT:
|
|
Rob Campbell |
July 9, 2009
|
|
|
|
Nordstrom, Inc. |
|
|
|
|
(206) 303-3290 |
|
|
|
|
|
|
|
MEDIA CONTACT:
|
|
Brooke White |
|
|
|
|
Nordstrom, Inc. |
|
|
|
|
(206) 373-3030 |
NORDSTROM REPORTS JUNE SALES
SEATTLE, Wash. (July 9, 2009) Nordstrom, Inc. (NYSE: JWN) today reported preliminary retail
sales of $686 million for the five-week period ended July 4, 2009, a decrease of 6.2 percent
compared with retail sales of $731 million for the five-week period ended July 5, 2008. Same-store
sales for June decreased 10.0 percent compared with the same period in fiscal 2008.
Preliminary quarter-to-date retail sales of $1.34 billion decreased 7.4 percent compared with retail sales
of $1.45 billion during the same period in fiscal 2008. Quarter-to-date same-store sales decreased
11.6 percent compared with the same period in fiscal 2008.
Preliminary year-to-date retail sales of $3.05 billion decreased 8.4 percent compared with
retail sales of $3.33 billion for the same period in fiscal 2008. Year-to-date same-store sales
decreased 12.5 percent compared with the same period in fiscal 2008.
Nordstroms annual 17-day Anniversary Sale starts on Friday, July 17th, consistent
with the beginning of the event last year on Friday, July 18, 2008. Historically, July has been
the second-largest sales month of the year.
Sales Recording
To hear Nordstroms pre-recorded June sales message, please dial 402-220-6036. This recording
will be available for one week.
June Sales Results
(unaudited; $ in millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Retail Sales |
|
Same-store Sales |
|
|
|
|
|
|
|
|
|
|
Percent |
|
|
|
|
|
|
|
|
|
|
Fiscal |
|
Fiscal |
|
Increase/ |
|
|
|
|
|
Full-line |
|
Rack |
|
|
2009 |
|
2008 |
|
(Decrease) |
|
Total |
|
Stores |
|
Stores |
|
|
|
|
|
June |
|
$ |
686 |
|
|
$ |
731 |
|
|
|
(6.2 |
%) |
|
|
(10.0 |
%) |
|
|
(13.6 |
%) |
|
|
0.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter-to-date |
|
$ |
1,339 |
|
|
$ |
1,447 |
|
|
|
(7.4 |
%) |
|
|
(11.6 |
%) |
|
|
(15.2 |
%) |
|
|
1.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year-to-date |
|
$ |
3,045 |
|
|
$ |
3,326 |
|
|
|
(8.4 |
%) |
|
|
(12.5 |
%) |
|
|
(16.0 |
%) |
|
|
1.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of stores |
|
July 4, 2009 |
|
July 5, 2008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Full-line |
|
|
111 |
|
|
|
105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rack and other |
|
|
64 |
|
|
|
54 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
175 |
|
|
|
159 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross square footage |
|
|
22,351,000 |
|
|
|
21,139,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Future Reporting Dates
Nordstroms financial release calendar for the next three months is currently planned as
follows:
|
|
|
|
|
|
|
July Sales Release
|
|
Thurs., August 6, 2009 |
|
|
Second Quarter Earnings Release
|
|
Thurs., August 13, 2009 |
|
|
August Sales Release
|
|
Thurs., September 3, 2009 |
|
|
September Sales Release
|
|
Thurs., October 8, 2009 |
About Nordstrom
Nordstrom, Inc. is one of the nations leading fashion specialty retailers, with 175 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 one clearance store. In addition, Nordstrom
serves customers through its online presence at http://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. 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, 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, 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. The company undertakes no obligation to
update or revise any forward-looking statements to reflect subsequent events, new information or
future circumstances.
###