Nordstrom, Inc. reported a 7.4% increase in same-store sales for the five-week period ended Jan. 2, 2010 compared with the five-week period ended Jan. 3, 2009. Preliminary total retail sales of $1.25 billion for Dec. 2009 increased 10.8% compared with total retail sales of $1.13 billion for the same period in fiscal 2008.
Quarter-to-date same-store sales increased 5.4% compared with the same period in fiscal 2008. Preliminary quarter-to-date total retail sales of $2.00 billion increased 8.9% compared with total retail sales of $1.83 billion for the same period in fiscal 2008.
Year-to-date same-store sales decreased 5.1% compared with the same period in fiscal 2008. Preliminary year-to-date total retail sales of $7.72 billion decreased 1.1% compared with total retail sales of $7.80 billion for the same period in fiscal 2008.
Nordstrom’s quarter-to-date overall performance exceeded its expectations. As a result, the company anticipates earnings per share for fiscal year 2009 will exceed the previously announced outlook of $1.83 to $1.88.
DECEMBER SALES RESULTS | ||||||||||||||||
(unaudited; $ in millions) | ||||||||||||||||
Total Retail Sales | Same-store Sales | |||||||||||||||
Multi-channel | ||||||||||||||||
% | (Full-line | |||||||||||||||
Fiscal | Fiscal | Increase/ | Full-line | Stores and | Rack | |||||||||||
2009 | 2008 | (Decrease) | Total | Stores | Direct | Direct) | Stores | |||||||||
| December | $1,247 | $1,125 | 10.8% | 7.4% | 5.1% | 30.1% | 7.8% | 5.2% | ||||||||
| Quarter-to-date | $1,996 | $1,833 | 8.9% | 5.4% | 2.9% | 27.3% | 5.6% | 4.4% | ||||||||
| Year-to-date | $7,715 | $7,803 | (1.1%) | (5.1%) | (8.0%) | 12.1% | (6.0%) | 2.3% | ||||||||
| Number of stores | 1/02/10 | 1/03/09 | ||
| Full-line | 112 | 109 | ||
| Rack and other | 72 | 60 | ||
| Total | 184 | 169 | ||
| Gross square footage | 22,773,000 | 21,876,000 |
