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Exhibit 99.1
For Immediate Release
December 6, 2007
NORDSTROM SAME-STORE SALES FOR NOVEMBER INCREASE 8.7 PERCENT
SEATTLE - December 6, 2007 - Nordstrom, Inc. (NYSE: JWN) today reported
preliminary sales of $804.9 million for the four-week period ending December
1, 2007, an increase of 7.4 percent compared to sales of $749.4 million for
the four-week period ending November 25, 2006. Same-store sales increased
8.7 percent.
Preliminary year-to-date sales of $7.12 billion increased 6.6 percent
compared to sales of $6.68 billion during the same period in 2006. Year-to-
date same-store sales increased 6.1 percent.
The monthly same-store sales rate in November was positively impacted
by the timing shift of having a 53rd week in fiscal 2006. As a result, a
week of holiday shopping shifted from December to November results. Going
forward, December same-store sales results are expected to be negatively
impacted by this shift.
Sales Recording
To hear Nordstrom's pre-recorded November sales message, please dial
(402) 220-6036. This recording will be available for one week.
November Sales Results
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SALES SUMMARY Total Sales (1) Same-store Sales (2)
(unaudited; $ in millions) ----------- ----------------
Fiscal Fiscal Percent Full-line Rack
2007 2006 Increase Total Stores Stores
------ ------ -------- ------ --------- ------
<s> <c> <c> <c> <c> <c> <c>
November $804.9 $749.4 7.4% 8.7% 8.7% 10.3%
Year-to-date $7,118.7 $6,679.2 6.6% 6.1% 5.0% 9.8%
Number of stores(3)
Full-line 101 99
Rack and other 56 53
Faconnable boutiques 0 40
--- ---
Total 157 192
Gross square footage 20,542,000 20,313,000
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(1)Total sales results include the impact of the sales return reserve and
sales from our international Faconnable boutiques through August 31, 2007 and
our domestic Faconnable boutiques through October 31, 2007.
(2)Same-store sales results exclude the impact of the sales return reserve
and sales from Faconnable.
(3)On October 31, 2007, we completed the previously announced sale of
Faconnable.
Future Reporting Dates
Nordstrom's financial release calendar for the next three months is
currently planned as follows:
December Sales Release Thurs., January 10, 2008
January Sales Release Thurs., February 7, 2008
Fourth Quarter Earnings Release Mon., February 25, 2008
February Sales Release Thurs., March 6, 2008
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Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 157 stores located in 28 states. Founded in 1901 as a shoe
store in Seattle, today Nordstrom operates 101 Full-line stores, 51 Nordstrom
Racks, two Jeffrey boutiques, one free-standing shoe store, 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.
Investor Contact: Media Contact:
Chris Holloway, 206-303-3290 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. Actual future results and trends may differ
materially from historical results or current expectations depending upon
factors including, but not limited to, our ability to respond to the business
environment and fashion trends, effective inventory management, the impact of
economic and competitive market forces, successful execution of our store
growth strategy including the timely completion of construction associated
with newly planned stores, our 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 our multi-
channel strategy, our ability to safeguard our brand and reputation,
efficient and proper allocation of our capital resources, successful
execution of our technology strategy, the impact of terrorist activity or war
on our customers and the retail industry, trends in personal bankruptcies and
bad debt write-offs, changes in interest rates, our ability to control costs,
our ability to maintain our relationships with our employees, weather
conditions, and hazards of nature that affect consumer traffic and consumers'
purchasing patterns. 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.