Nordstrom, Inc. reported a 7.6% increase in same-store sales for the four-week period ended July 31, 2010 compared with the four-week period ended August 1, 2009. Preliminary total retail sales of $890 million for July 2010 increased 10.5% compared with total retail sales of $806 million for the same period in fiscal 2009.
Multi-channel same-store sales for the first 16 days of the Anniversary Sale, which began Friday, July 16th, increased 9.0% compared with the prior year. The Anniversary Sale, which typically makes July the second-largest sales month of the year, had similar timing and duration compared to last year’s event.
Second quarter same-store sales increased 8.4% compared with the same period in fiscal 2009. Preliminary second quarter total retail sales of $2.42 billion increased 12.7% compared with total retail sales of $2.14 billion for the same period in fiscal 2009.
Year-to-date same-store sales increased 10.0% compared with the same period in fiscal 2009. Preliminary year-to-date total retail sales of $4.41 billion increased 14.4% compared with total retail sales of $3.85 billion for the same period in fiscal 2009.
JULY SALES RESULTS | ||||||||||||||||||
(unaudited; $ in millions) | ||||||||||||||||||
Total Retail Sales | Same-store Sales | |||||||||||||||||
Fiscal 2010 | Fiscal 2009 | % Increase | Total | Full-line Stores | Direct | Multi-channel (Full-line Stores and Direct) | Rack Stores | |||||||||||
July | $890 | $806 | 10.5% | 7.6% | 8.0% | 25.6% | 9.4% | (2.5%) | ||||||||||
Second Quarter | $2,417 | $2,145 | 12.7% | 8.4% | 8.2% | 34.0% | 9.9% | (0.9%) | ||||||||||
Year-to-date | $4,407 | $3,851 | 14.4% | 10.0% | 9.7% | 36.1% | 11.5% | 0.5% | ||||||||||
Number of stores | 7/31/10 | 8/1/09 | ||||||||||||||||
Full-line | 114 | 111 | ||||||||||||||||
Rack and other | 79 | 64 | ||||||||||||||||
Total | 193 | 175 | ||||||||||||||||
Gross square footage | 23,343,000 | 22,351,000 |
EXPANSION UPDATES
In August, Nordstrom plans to open one full-line store at Santa Monica Place in Santa Monica, California. Nordstrom also plans to open two Rack stores at Pentagon Centre in Arlington, Virginia and Fair Lakes Promenade in Fairfax, Virginia.