Nordstrom, Inc. reported a 7.6% decrease in same-store sales for the four-week period ended August 29. Total sales were $541 million for August 2009, a decrease of 3.0% compared with $558 million for the same period in fiscal 2008.
Year-to-date same-store sales decreased 10.9% compared with the same period in fiscal 2008. Preliminary year-to-date total retail sales of $4.39 billion decreased 7.0% compared with total retail sales of $4.72 billion for the same period in fiscal 2008.
|
AUGUST SALES RESULTS |
|
|
|
|
|
|
||||||||||||||||
|
(unaudited; $ in millions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
Total Retail Sales |
|
|
Same-store Sales |
||||||||||||||||
|
|
|
|
|
|
|
|
|
Percent |
|
|
|
|
|
|
|
|||||||
|
|
|
|
Fiscal |
|
Fiscal |
|
Increase/ |
|
|
|
|
Full-line |
|
Rack |
||||||||
|
|
|
|
2009 |
2008 |
(Decrease) |
|
|
Total |
Stores |
Stores |
||||||||||||
August |
|
|
$541 |
|
$558 |
|
|
(3.0 |
%) |
|
|
(7.6 |
%) |
|
(12.9 |
%) |
|
3.8 |
% |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Year-to-date |
|
|
$4,392 |
|
$4,724 |
|
|
%) |
|
|
(10.9 |
%) |
|
(14.0 |
%) |
|
1.5 |
% |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
Number of stores |
|
|
August 29, |
|
August 30, |
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
|
|
2009 |
|
2008 |
|
|
|
|
|
|
|
|
|
|
|
||||||
Full-line |
|
|
111 |
|
105 |
|
|
|
|
|
|
|
|
|
|
|
||||||
Rack and other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Total |
|
|
|
|
159 |
|
|
|
|
|
|
|
|
|
|
|
||||||
Gross square footage |
|
|
22,387,000 |
|
21,139,000 |
|
|
|||||||||||||||
EXPANSION UPDATE
On September 25, 2009, Nordstrom plans to open a full-line store at the Kenwood Towne Centre in Cincinnati, Ohio. Nordstrom also plans to open two Nordstrom Rack stores in September at Arbor Lakes in Maple Grove, Minnesota and Beverly Connection in Los Angeles, California.
