Nordstrom, Inc. reported preliminary sales of $563.7 million for the five-week period ending October 4, 2003, an increase of 11.4 percent compared to sales of $505.9 million for the five-week period ending October 5, 2002. Same-store sales increased 7.7 percent.
September same-store sales in full-line stores increased in all geographic regions and all major merchandise divisions.
Preliminary quarter-to-date sales of $966.2 million increased 11.4 percent compared to quarter-to-date 2002 sales of $867.6 million. Quarter-to-date same-store sales increased 5.8 percent.
Preliminary year-to-date sales of $4.1 billion increased 7.2 percent compared to year-to-date 2002 sales of $3.8 billion. Year-to-date same-store sales increased 2.6 percent.
The additional information provided in this section is to comply with the Securities and Exchange Commission's Regulation G. The Company converted to a 4-5-4 Retail Calendar at the beginning of 2003. This change in the fiscal calendar has resulted in differences in the number of days included in the current period versus the same period in the prior year. Sales performance numbers included in this sales release have been calculated on a comparative 4-5-4 basis. The Company believes that adjusting for these differences provides a more comparable basis (4-5-4 vs. 4-5-4) from which to evaluate sales performance. The following reconciliation bridges 2002 GAAP sales to the 4-5-4 comparable sales.
Dollar % Change % Change Sept. Sept. Increase/ Total Comp Sales Reconciliation ($M) 2003 2002 (Decrease) Sales Sales Number of Days GAAP 35 30 GAAP Sales $563.7 $426.4 $137.3 32.2% 27.2% Plus October 1-5, 2002 sales $79.5 Reported 4-5-4 sales $563.7 $505.9 $57.8 11.4% 7.7% 4-5-4 Adjusted Days 35 35 % Change % Change QTD QTD Dollar Total Comp Sales Reconciliation ($M) 2003 2002 Increase Sales Sales Number of Days GAAP 63 61 GAAP Sales $966.2 $861.1 $105.1 12.2% 6.0% Less Aug. 1-3, 2002 sales -- ($73.0) Plus Oct. 1-5, 2002 sales -- $79.5 Reported 4-5-4 sales $966.2 $867.6 $98.6 11.4% 5.8% 4-5-4 Adjusted Days 63 63 % Change % Change YTD YTD Dollar Total Comp Sales Reconciliation ($M) 2003 2002 Increase Sales Sales Number of Days GAAP 246 242 GAAP Sales $4,104.9 $3,762.4 $342.5 9.1% 3.7% Less Feb. 1, 2003 ($18.2) -- Less Feb. 1-2, 2002 sales -- ($30.4) Plus Oct. 1-5, 2002 sales -- $79.5 Reported 4-5-4 sales $4,086.7 $3,811.5 $275.2 7.2% 2.6% 4-5-4 Adjusted Days 245 245