Nordstrom, Inc. reported a 3.7% increase in same-store sales for the four-week period ended May 29, 2010 compared with the four-week period ended May 30, 2009. Preliminary total retail sales of $705 million for May 2010 increased 7.8% compared with total retail sales of $653 million for the same period in fiscal 2009.
May 2010 multi-channel same-store sales were unfavorably impacted by an estimated 350 to 400 basis points due to the timing shift of Nordstromâ€s Half-Yearly Sale for Women and Kids, which started on Wednesday, May 26th. In 2009, the event began on May 20th.
Year-to-date same-store sales increased 9.7% compared with the same period in fiscal 2009. Preliminary year-to-date total retail sales of $2.70 billion increased 14.2% compared with total retail sales of $2.36 billion for the same period in fiscal 2009.
MAY SALES RESULTS |
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| (unaudited; $ in millions) | |||||||||||||||||||
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Total Retail Sales
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Same-store Sales
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Multi-channel
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(Full-line
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Fiscal
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Fiscal
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%
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Full-line
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Stores and
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Rack
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| 2010 | 2009 | Increase |
Total
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Stores |
Direct
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Direct)
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Stores
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| May | $705 | $653 |
7.8%
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3.7%
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3.9%
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24.7%
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5.4%
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(1.1%)
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| Year-to-date | $2,695 | $2,359 |
14.2%
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9.7%
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9.5%
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34.8%
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11.3%
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1.2%
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| Number of stores |
5/29/10
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5/30/09
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| Full-line | 114 | 111 | |||||||||||||||||
| Rack and other | 79 | 65 | |||||||||||||||||
| Total | 193 | 176 | |||||||||||||||||
| Gross square footage | 23,343,000 | 22,377,000 | |||||||||||||||||
EXPANSION UPDATE
In May, Nordstrom relocated and expanded a full-line store at Los Cerritos Center in Cerritos, Calif. to a new location in the Center. Also in May, Nordstrom opened a Nordstrom Rack store at One Union Square South in Manhattan, New York.
