Nordstrom, Inc.  reported a 10.2 percent increase in same-store sales for the four-week period ended Feb. 25, 2012 compared with the four-week period ended Feb. 26, 2011. Preliminary total retail sales of $704 million for February 2012 increased 16.2 percent compared with total retail sales of $606 million for the same period in fiscal 2011.

February 2012 included a shift in the timing of a shoe clearance event relative to last year. It improved total February same-store sales by an estimated 200 to 250 basis points and will reduce total March same-store sales by an estimated 150 to 200 basis points.

FEBRUARY SALES RESULTS
(unaudited; $ in millions)


Total Retail Sales
 
Same-store Sales

Fiscal

2012


 

Fiscal

2011


 

Percent

Increase


Total
 
 Nordstrom
 

Nordstrom

Rack


February
$704
 
$606
 
16.2%

10.2%
 
11.9%
 
5.9%












 












 

Number of stores
 Feb-12
 
 Feb-11








Nordstrom
116

115








Nordstrom Rack and other
 108
89








Total
 224
204



















 

Gross square footage
24,623,000

23,838,000


SAME-STORE SALES

Same-store sales include sales from stores that have been open at least one full year as of the beginning of the fiscal year. Nordstrom includes sales from both full-line stores and Direct because of the integration of these two channels. Total same-store sales include accounting adjustments that are not allocated to Nordstrom and Nordstrom Rack. Same-store sales exclude sales made through HauteLook, Nordstrom’s online private sale subsidiary, which was acquired in the first quarter of 2011.

EXPANSION UPDATE

Today, Nordstrom opens a Nordstrom Rack at the Outlets at Orange in Orange, Calif. Additionally, in March Nordstrom plans to open one Nordstrom full-line store at City Creek Center in Salt Lake City, Utah and relocate its Nordstrom Rack store in downtown Seattle, Wash. to the nearby Westlake Center.