Nordstrom, Inc. reported preliminary sales of $804.9 million for November, an increase of 7.4% compared to sales of $749.4 million in 2006. Same-store sales increased 8.7%.
Preliminary year-to-date sales of $7.12 billion increased 6.6 percent compared to sales of $6.68 billion during the same period in 2006. Year-to-date same-store sales increased 6.1 percent.
The monthly same-store sales rate in November was positively impacted by the timing shift of having a 53rd week in fiscal 2006. As a result, a week of holiday shopping shifted from December to November results. Going forward, December same-store sales results are expected to be negatively impacted by this shift.
November Sales Results
SALES SUMMARY Total Sales(1) Same-store Sales(2)
(unaudited; Fiscal Fiscal Percent Full-line Rack
$ in millions) 2007 2006 Increase Total Stores Stores
November $804.9 $749.4 7.4% 8.7% 8.7% 10.3%
Year-to-date $7,118.7 $6,679.2 6.6% 6.1% 5.0% 9.8%
Number of stores(3)
Full-line 101 99
Rack and other 56 53
Faconnable boutiques 0 40
Total 157 192
Gross square
footage 20,542,000 20,313,000