<page> Exhibit 99.1
For Immediate Release
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May 10, 2007
NORDSTROM SAME-STORE SALES FOR APRIL INCREASE 3.1 PERCENT
SEATTLE - May 10, 2007 - Nordstrom, Inc. (NYSE: JWN) today reported
preliminary sales of $604.0 million for the four-week period ending May 5,
2007, an increase of 3.3 percent compared to sales of $584.9 million for the
four-week period ending April 29, 2006. Same-store sales increased 3.1
percent.
Preliminary first quarter sales of $1.95 billion increased 9.3 percent
compared to sales of $1.79 billion during the same period in fiscal 2006.
First quarter same-store sales increased 9.5 percent.
The 53rd week in fiscal 2006 created a timing shift in the 4-5-4 calendar
for fiscal 2007. The month of April in fiscal 2007 began and ended one week
later than in fiscal 2006. This timing shift negatively impacted sales
results for April 2007, but positively impacted results for the first quarter
of 2007.
For the period of March and April 2007 combined, same-store sales
increased 9.6 percent. Combining March and April sales takes into account
the shift of the Easter holiday selling period from April into March, and
provides a more comparable view of results this year versus last year.
SALES RECORDING
To hear Nordstrom's prerecorded April sales message, please dial (402)
220-6036. This recording will be available for one week.
<table>
<caption>
SALES SUMMARY Total Sales (1) Same-store Sales
(unaudited; $ in millions) ----------- ----------------
Fiscal Fiscal Percent Total Full-line Rack
2007 2006 Increase Retail Stores Stores
------ ------ -------- ------ --------- ------
<s> <c> <c> <c> <c> <c> <c>
April $604.0 $584.9 3.3% 3.1% 1.0% 7.7%
First Quarter $1,953.8 $1,787.2 9.3% 9.5% 7.7% 12.2%
Number of stores
Full-line 98 99
Rack and other 57 57
International Faconnable
boutiques 36 34
--- ---
Total 191 190
Gross square footage 20,170,000 20,217,000
</table>
(1) Same-store sales results exclude the impact of the January 2007 closure of
the Crossroads Plaza Mall full-line store in Salt Lake City, Utah, in
preparation for its planned relocation in 2011. Total sales results include
the impact of this store closure.
2007 ANNUAL SALES OUTLOOK
Throughout the remainder of fiscal 2007, the timing shift caused by the
53rd week in fiscal 2006 is anticipated to impact the cadence of monthly same-
store sales results because normal sales trends, events and holiday periods
are aligned differently than last year. Outlined below is the company's same-
store sales plan by quarter for the remainder of fiscal 2007, and the
anticipated impact on each reporting period from the 53rd week timing shift:
Period Same-store sales plan FY2006 53rd week
timing shift impact
2nd Quarter 2007 1 to 2 percent Negative
3rd Quarter 2007 4 to 5 percent Positive
4th Quarter 2007 2 to 3 percent Negative
2007 Fiscal Year 3 to 4 percent Not material
Historically, the second and fourth quarters are larger sales volume
periods than the first and third quarters of the year.
<page>
2007 SECOND QUARTER SALES OUTLOOK
The timing shift from the fiscal 2006 53rd week is expected to have a
negative impact on second quarter 2007 sales results. In addition, the
company's Anniversary sale event will take place one week later than in the
previous year. As a result, the second quarter will have an extra non-event
week between the company's Half Yearly clearance sales events and its
Anniversary sale event versus last year.
The months of May and June are anticipated to be negatively impacted by
the timing shift of the fiscal 2006 53rd week. When compared to the planned
same-store sales rate of one to two percent for the 2007 second quarter, the
monthly same-store sales rate in May is expected be in-line, in June is
expected to be below, and in July is expected to be above the anticipated
quarterly rate.
FUTURE REPORTING DATES
Nordstrom's financial release calendar for the next three months is currently
planned as follows:
First Quarter Earnings Thurs., May 17, 2007
May Sales Release Thurs., June 7, 2007
June Sales Release Thurs., July 12, 2007
July Sales Release Thurs., August 9, 2007
ANNUAL MEETING OF SHAREHOLDERS
Nordstrom will hold its 2007 annual meeting of shareholders on Tuesday,
May 22, 2007, at 11:00 a.m. Pacific Daylight Time, in the John W. Nordstrom
Room of the downtown Seattle, Wash., Nordstrom store.
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 155 US stores located in 27 states. Founded in 1901 as a shoe
store in Seattle, today Nordstrom operates 98 full-line stores, 50 Nordstrom
Racks, four Faconnable boutiques in the United States, one free-standing shoe
store, and two clearance stores. Nordstrom also operates 36 Faconnable
boutiques in Europe. In addition, Nordstrom serves customers through its
online presence at http://www.nordstrom.com and through its catalogs.
Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
Investor Contact: Media Contact:
RJ Jones, 206-303-3007 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, including anticipated results for the
company's fiscal year ending February 2, 2008, anticipated sales results and
same-store sales rates for the 2007 second, third and fourth quarters, the
anticipated impact on same-store sales rates for those periods due to the
fiscal 2006 53rd week timing shift, 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
impact of economic and competitive market forces, the impact of terrorist
activity or the impact of a war on the company, its customers and the retail
industry, the company's ability to predict fashion trends, consumer apparel
buying patterns, trends in personal bankruptcies and bad debt write-offs,
changes in interest rates, employee relations, the company's ability to
continue its expansion plans, the timely completion of construction associated
with newly planned stores, changes in government or regulatory requirements,
the company's ability to control costs, weather conditions and hazards of
nature. 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.