Nordstrom, Inc. reported preliminary sales of $803.2 million for the five-week period ending April 7, 2007, an increase of 14.2% compared to sales of $703.2 million for the five-week period ending April 1, 2006. Same-store sales increased 15.0%.
Preliminary quarter-to-date sales of $1.35 billion increased 12.3 percent compared to sales of $1.20 billion in 2006. Quarter-to-date same-store sales increased 12.6 percent.
The 53rd week in fiscal 2006 created a timing shift in the 4-5-4 calendar for fiscal 2007. The month of March in fiscal 2007 began and ended one week later than in fiscal 2006. This timing shift positively impacted reported sales results for March 2007, and is expected to have a negative impact on April 2007 sales results. We expect the same-store sales rate for April 2007 to be below the first quarter 2007 planned mid-single digit growth rate. 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.
SALES SUMMARY Total Sales(1) Same-store Sales(1) (unaudited; Fiscal Fiscal Percent Total Full-line Rack $ in millions) 2007 2006 Increase Retail Stores Stores March $803.2 $703.2 14.2% 15.0% 13.8% 15.8% Quarter-to-date $1,349.8 $1,202.3 12.3% 12.6% 11.0% 14.3% Number of stores Full-line 98 99 Rack and other 57 57 International Faconnable boutiques 36 33 Total 191 189 Gross square footage 20,170,000 20,214,000