Nordstrom, Inc. said same-store sales in October decreased 2.4%. Total
sales reached $625.7 million for four weeks ended November 3, 2007, an
increase of 0.5% compared to sales of $622.5 million a year ago.
Third quarter sales of $1.97 billion increased 5.3 percent compared to
sales of $1.87 billion during the same period in 2006. Third quarter
same-store sales increased 2.2 percent.
Year-to-date sales of $6.31 billion increased 6.5 percent compared to
sales of $5.93 billion during the same period in 2006. Year-to-date
same-store sales increased 5.8 percent.
October Sales Results
SALES SUMMARY Total Sales(1) Same-store Sales(2)
(unaudited; Fiscal Fiscal Percent Total Full-line Rack
$ in millions) 2007 2006 Increase Retail Stores Stores
October $625.7 $622.5 0.5% (2.4%) (3.9%) 3.8%
Third Quarter $1,970.4 $1,872.1 5.3% 2.2% 0.6% 7.8%
Year-to-date $6,313.8 $5,929.8 6.5% 5.8% 4.6% 9.8%
Number of stores(3)
Full-line 101 99
Rack and other 56 52
Faconnable
boutiques 0 40
Total 157 191
Gross square
footage 20,542,000 20,278,000
(1) Total sales results include the impact of the sales return reserve
and sales from our international Faconnable boutiques through
August 31, 2007 and our domestic Faconnable boutiques through
October 31, 2007.
(2) Same-store sales results exclude the impact of the sales return
reserve and sales from our international and domestic Faconnable
boutiques.
(3) On October 31, 2007, we completed the previously announced sale of
our Faconnable boutiques.