Nordstrom, Inc. experienced a 14.1% increase in same-store sales for the five-week period ended July 3, 2010 compared with the five-week period ended July 4, 2009. Preliminary total retail sales of $822 million for June 2010 increased 19.8% compared with total retail sales of $686 million for the same period in fiscal 2009. June 2010 multi-channel same-store sales were enhanced by an estimated 350 to 400 basis points due to the timing shift of Nordstrom’s Half-Yearly Sale for Women and Kids, which started on Wednesday, May 26th. In 2009, the event began on May 20th.
Quarter-to-date same-store sales increased 8.9% compared with the same period in fiscal 2009. Preliminary quarter-to-date total retail sales of $1.53 billion increased 14.0% compared with total retail sales of $1.34 billion for the same period in fiscal 2009.
Year-to-date same-store sales increased 10.6% compared with the same period in fiscal 2009. Preliminary year-to-date total retail sales of $3.52 billion increased 15.5% compared with total retail sales of $3.05 billion for the same period in fiscal 2009.
Consistent with last year, Nordstrom’s 17-day Anniversary Sale will start on the third Friday in July, on July 16th. Historically, July has been the second-highest sales month of the year.
JUNE SALES RESULTS (unaudited; $ in millions) | ||||||||||||||||
Total Retail Sales | Same-store Sales | |||||||||||||||
Fiscal 2010 | Fiscal 2009 | % Increase | Total | Full-line Stores | Direct | Multi-channel (Full-line Stores and Direct) | Rack Stores | |||||||||
| June | $822 | $686 | 19.8% | 14.1% | 12.7% | 66.3% | 15.5% | 0.6% | ||||||||
| Quarter-to-date | $1,527 | $1,339 | 14.0% | 8.9% | 8.3% | 41.6% | 10.4% | (0.2%) | ||||||||
| Year-to-date | $3,517 | $3,045 | 15.5% | 10.6% | 10.2% | 39.8% | 12.2% | 1.1% | ||||||||
Number of stores | 7/3/10 | 7/4/09 | ||||||||||||||
Full-line | 114 | 111 | ||||||||||||||
Rack and other | 79 | 64 | ||||||||||||||
Total | 193 | 175 | ||||||||||||||
Gross square footage | 23,343,000 | 22,351,000 | ||||||||||||||
