Nordstrom Reports July Sales

Thursday, August 07, 2008 8:31 AM

SEATTLE, Aug. 7 /PRNewswire-FirstCall/ -- Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $840 million for the four-week period ended August 2, 2008, a decrease of 6.7 percent compared to sales of $901 million for the four-week period ended August 4, 2007. Same-store sales decreased 6.1 percent.

Preliminary second quarter sales of $2.29 billion decreased 4.3 percent compared to sales of $2.39 billion during the same period in 2007. Second quarter same-store sales decreased 6.0 percent.

Preliminary year-to-date sales of $4.17 billion decreased 4.1 percent compared to sales of $4.34 billion for the same period in 2007. Year-to-date same-store sales decreased 6.2 percent.

Sales Recording

To hear Nordstrom's pre-recorded July sales message, please dial 800-891-8250 or 402-220-6036. This recording will be available for one week.

    JULY 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
    July                $840      $901  (6.7%)       (6.1%)    (9.1%)    6.4%
    Second Quarter    $2,287    $2,390  (4.3%)       (6.0%)    (9.0%)    6.3%
    Year-to-date      $4,166    $4,344  (4.1%)       (6.2%)    (9.1%)    5.4%

    Number of stores as of July
    Full-line                              105             98
    Rack and other                          54             55
    Faconnable boutiques(3)                  -             41
    Total                                  159            194
    Gross square footage            21,139,000     20,191,000
    (1) Total sales results for fiscal 2007 include sales from the company's
        international and domestic Faconnable boutiques.
    (2) Same-store sales results exclude sales from Faconnable.
    (3) On October 31, 2007, the company completed the sale of Faconnable.

Future Reporting Dates

Nordstrom's financial release calendar for the next three months is currently planned as follows:

    Second Quarter Earnings Release               Thurs., August 14, 2008
    August Sales Release                          Thurs., September 4, 2008
    September Sales Release                       Wed., October 8, 2008
    October Sales Release                         Thurs., November 6, 2008

Nordstrom, Inc.

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