Nordstrom, Inc. reported preliminary sales of $546.6 million for the four-week month ending March 3, 2007, an increase of 9.5% compared to sales of $499.1 million for the four-week period ending February 25, 2006. Same-store sales increased 9.1%.
The 53rd week in fiscal 2006 creates a timing shift in the 4-5-4 calendar for fiscal 2007. The month of February in fiscal 2007 began and ended one week later than in fiscal 2006. This timing shift positively impacted reported sales results for February 2007. Throughout the remainder of the 2007 fiscal year, this timing shift 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.
SALES SUMMARY (unaudited; Total Sales Same-store Sales $ in millions) Fiscal Fiscal Percent Total Full-line Rack 2007 2006 Increase Retail Stores Stores February $546.6 $499.1 9.5% 9.1% 7.2% 12.3% Number of stores Full-line 98 98 Rack and other 57 57 International Faconnable boutiques 36 32 Total 191 187 Gross square footage 20,170,000 20,070,000