Nordstrom, Inc. reported preliminary sales of $707 million for the four-week period ended Nov. 29, 2008, a decrease of 12.1% compared with sales of $805 million for the four-week period ended Dec. 1, 2007. Same-store sales for November decreased 15.9% compared with the same period in 2007.
Preliminary year-to-date sales of $6.68 billion decreased 6.2% compared with sales of $7.12 billion for the same period in 2007. Year-to-date same-store sales decreased 8.6% compared with the same period in 2007.
Due to the timing of the Thanksgiving holiday, our results for November 2008 were negatively impacted due to one less week of holiday shopping compared with November 2007.
NOVEMBER SALES RESULTS
(unaudited; $ in millions)
Total Sales Same-store Sales(2)
Percent
Fiscal Fiscal Increase/ Full-line Rack
2008 2007(1) (Decrease) Total Stores Stores
—————————– —————————-
November $707 $805 (12.1%) (15.9%) (19.2%) (0.6%)
Year-to-date $6,678 $7,119 (6.2%) (8.6%) (11.9%) 4.2%
Number of stores 11/29/08 12/01/07
——– ——–
Full-line 109 101
Rack and other 60 56
— —
Total 169 157
=== ===
Gross square footage 21,876,000 20,542,000
(1) Fiscal 2007 year-to-date total sales results include sales from the
company's domestic Faconnable boutiques through October 31, 2007 and
sales from the company's international and wholesale Faconnable
business through August 31, 2007.
(2) Same-store sales results exclude sales from Faconnable.
(unaudited; $ in millions)
Total Sales Same-store Sales(2)
Percent
Fiscal Fiscal Increase/ Full-line Rack
2008 2007(1) (Decrease) Total Stores Stores
—————————– —————————-
November $707 $805 (12.1%) (15.9%) (19.2%) (0.6%)
Year-to-date $6,678 $7,119 (6.2%) (8.6%) (11.9%) 4.2%
Number of stores 11/29/08 12/01/07
——– ——–
Full-line 109 101
Rack and other 60 56
— —
Total 169 157
=== ===
Gross square footage 21,876,000 20,542,000
(1) Fiscal 2007 year-to-date total sales results include sales from the
company's domestic Faconnable boutiques through October 31, 2007 and
sales from the company's international and wholesale Faconnable
business through August 31, 2007.
(2) Same-store sales results exclude sales from Faconnable.