Exhibit 99.1
For Immediate Release
April 10, 2008
NORDSTROM REPORTS MARCH SALES
SEATTLE — April 10, 2008— Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $750 million for the five-week period ended April 5, 2008, a decrease of 6.7 percent compared to sales of $803 million for the five-week period ended April 7, 2007. Same-store sales decreased 9.1 percent.
Preliminary quarter-to-date sales of $1.28 billion decreased 5.3 percent compared to sales of $1.35 billion in 2007. Quarter-to-date same-store sales decreased 7.8 percent.
The monthly same-store sales results in March were negatively impacted by the timing shift of the Easter holiday from April into March as all stores were closed on Easter. Going forward, April same-store sales results are expected to be positively impacted by this shift.
Sales Recording
To hear Nordstrom’s pre-recorded March sales message, please dial 800-891-8250. This recording will be available for one week.
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| MARCH SALES RESULTS | | Total Sales | | | Same-store Sales2 | |
| (unaudited; $ in millions) | | | | | | | | | | Percent | | | | | | | | | | | |
| | | Fiscal | | | Fiscal | | | Increase/ | | | | | | | Full-line | | | Rack | |
| | | 2008 | | | 20071 | | | (Decrease) | | | Total | | | Stores | | | Stores | |
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| March | | | $750 | | | | $803 | | | | (6.7 | %) | | | (9.1 | %) | | | (11.4 | %) | | | 1.7 | % |
| Quarter-to-date | | | $1,279 | | | | $1,350 | | | | (5.3 | %) | | | (7.8 | %) | | | (10.1 | %) | | | 3.5 | % |
| Number of stores | | | | | | | | | | | | | | | | | | | | | | | | |
| Full-line | | | 104 | | | | 98 | | | | | | | | | | | | | | | | | |
| Rack and other | | | 54 | | | | 53 | | | | | | | | | | | | | | | | | |
Façonnable boutiques3 | | | — | | | | 40 | | | | | | | | | | | | | | | | | |
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| Total | | | 158 | | | | 191 | | | | | | | | | | | | | | | | | |
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| Gross square footage | | | 21,017,000 | | | | 20,170,000 | | | | | | | | | | | | | | | | | |
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| 1 | | Total sales results for fiscal 2007 include sales from the company’s international and domestic Façonnable boutiques. |
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| 2 | | Same-store sales results exclude sales from Façonnable. |
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| 3 | | On October 31, 2007, the company completed the sale of Façonnable. |
Expansion Update
The company plans to open a full-line store at The Mall at Partridge Creek in Clinton Township, Mich., on April 18, 2008.
Future Reporting Dates
Nordstrom’s financial release calendar for the next three months is currently planned as follows:
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| April Sales Release | | Thurs., May 8, 2008 |
| First Quarter Earnings Release | | Thurs., May 15, 2008 |
| May Sales Release | | Thurs., June 5, 2008 |
| June Sales Release | | Thurs., July 10, 2008 |
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 158 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 104 full-line stores, 50 Nordstrom Racks, two Jeffrey boutiques, 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.
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Investor Contact: | | Media Contact: |
| Chris Holloway, 206-303-3290 | | Michael Boyd, 206-373-3038 |
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 involves risks and uncertainties. The company’s SEC reports, including itsForm 10-K for the fiscal year ended February 2, 2008, contain factors that could affect the company’s financial results and cause actual results to differ materially from any forward-looking information the company may provide. The company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
