Nordstrom reported preliminary sales of $941.8 million for the five-week period ending January 3, 2004, an increase of 12.2 percent compared to sales of $839.2 million for the five-week period ending January 4, 2003. Same-store
sales increased 9.1 percent.
December same-store sales in full-line stores increased in all geographic
regions and all major merchandise categories.
Preliminary quarter-to-date sales of $1.6 billion increased 11.4 percent
compared to quarter-to-date 2002 sales of $1.4 billion. Quarter-to-date
same-store sales increased 8.4 percent.
Preliminary year-to-date sales of $6.1 billion increased 8.2 percent
compared to year-to-date 2002 sales of $5.7 billion. Year-to-date same-store
sales increased 4.1 percent.
GAAP Sales Performance
%Change %Change
Sales Dec. Dec. Dollar Total Comp
Reconciliation ($M) 2003 2002 Increase Sales Sales
Number of
Days GAAP 35 31
GAAP Sales $941.8 $789.1 $152.7 19.4% 15.8%
Plus Jan.
1-4, 2003 sales $50.1
Reported
4-5-4 sales $941.8 $839.2 $102.6 12.2% 9.1%
4-5-4
Adjusted Days 35 35
% Change %Change
Sales QTD QTD Dollar Total Comp
Reconciliation ($M) 2003 2002 Increase Sales Sales
Number of
Days GAAP 63 61
GAAP Sales $1,573.7 $1,405.9 $167.8 11.9% 8.9%
Less Nov. 1-2,
2002 sales -- ($43.2)
Plus Jan. 1-4,
2003 sales -- $50.1
Reported
4-5-4 sales $1,573.7 $1,412.8 $160.9 11.4% 8.4%
4-5-4 Adjusted
Days 63 63
% Change %Change
Sales YTD YTD Dollar Total Comp
Reconciliation ($M) 2003 2002 Increase Sales Sales
Number of
Days GAAP 337 334
GAAP Sales $6,133.0 $5,630.4 $502.6 8.9% 4.4%
Less Feb. 1,
2003 ($18.2) --
Less Feb.
1-2, 2003
sales -- ($30.4)
Plus Jan.
1-4, 2003
sales -- $50.1
Reported
4-5-4
sales $6,114.8 $5,650.1 $464.7 8.2% 4.1%
4-5-4 Adjusted
Days 336 336
