-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LTNTqyXIpDjtiooLYuQl1ofy3x8nTtBNmX0Dn5D2EQAIU6wfAobise4FjNTOe83M Cicu5uvnNS30CDWb93zICQ== 0000072333-03-000143.txt : 20030807 0000072333-03-000143.hdr.sgml : 20030807 20030807114405 ACCESSION NUMBER: 0000072333-03-000143 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030807 ITEM INFORMATION: FILED AS OF DATE: 20030807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORDSTROM INC CENTRAL INDEX KEY: 0000072333 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 910515058 STATE OF INCORPORATION: WA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15059 FILM NUMBER: 03828072 BUSINESS ADDRESS: STREET 1: 1700 SEVENTH AVENUE STREET 2: SUITE 1300 CITY: SEATTLE STATE: WA ZIP: 98101-4407 BUSINESS PHONE: 2066282111 MAIL ADDRESS: STREET 1: PO BOX 1770 CITY: SEATTLE STATE: WA ZIP: 98111 FORMER COMPANY: FORMER CONFORMED NAME: NORDSTROM BEST INC DATE OF NAME CHANGE: 19730611 8-K 1 ni8k80703.txt - --------------------------------------------------------------------------- ------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------------------------------------------- FORM 8-K ----------------------------------------------------------- CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE THE SECURITIES EXCHANGE ACT OF 1934 ------------------------------------------------------------ DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) AUGUST 7, 2003 ------------------------------------------------------------ NORDSTROM, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ------------------------------------------------------------ WASHINGTON 0-6074 91-0515058 (STATE OR OTHER JURISDICTION (COMMISSION FILE (I.R.S. EMPLOYER OF INCORPORATION) NUMBER) IDENTIFICATION NO.) 1617 SIXTH AVENUE, SEATTLE, WASHINGTON 98101 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) ----------------------------------------------------------- REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (206) 628-2111 ------------------------------------------------------------ INAPPLICABLE (FORMER NAME OR FORMER ADDRESS IF CHANGED SINCE LAST REPORT) ---------------------------------------------------------------------- ------------------------------------------------- ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS (C) EXHIBITS 99.1 Nordstrom July 2003 Preliminary Sales Release, dated August 7, 2003. ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On August 7, 2003, Nordstrom, Inc. issued a press release announcing its preliminary July 2003 sales. A copy of this press release is attached as Exhibit 99.1. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NORDSTROM, INC. By: /s/ David L. Mackie ----------------------- David L. Mackie Vice President and Corporate Secretary Dated: August 7, 2003 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION 99.1 Nordstrom July 2003 Preliminary Sales Release, dated August 7, 2003. EX-99 3 ex991.txt Exhibit 99.1 For Immediate Release - --------------------- August 7, 2003 NORDSTROM REPORTS JULY SAME-STORE SALES INCREASE OF 6.1% -------------------------------------------------------- SEATTLE - August 7, 2003 - Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $690.2 million for the four-week period ending August 2, 2003, an increase of 9.0 percent compared to sales of $633.4 million for the four-week period ending August 3, 2002. Same-store sales increased 6.1 percent. July same-store sales in full-line stores increased in all geographic regions and in all major merchandise divisions. Preliminary second quarter sales of $1.8 billion increased 7.9 percent compared to 2002 second quarter sales of $1.7 billion. Second quarter same- store sales increased 3.9 percent. Preliminary year-to-date sales of $3.1 billion increased 6.0 percent compared to year-to-date 2002 sales of $2.9 billion. Year-to-date same-store sales increased 1.6 percent. GAAP SALES PERFORMANCE The additional information provided in this section is to comply with the Securities and Exchange Commission's newly issued Regulation G. The Company converted to a 4-5-4 Retail Calendar at the beginning of 2003. This change in the fiscal calendar has resulted in differences in the number of days included in the current period versus the same period in the prior year. Sales performance numbers included in this sales release have been calculated on a comparative 4-5-4 basis. The Company believes that adjusting for these differences provides a more comparable basis (4-5-4 vs. 4-5-4) from which to evaluate sales performance. The following reconciliation bridges 2002 GAAP sales to the 4-5-4 comparable sales.
Dollar % Change % Change Sales Reconciliation ($M) July 2003 July 2002 Increase Total Sales Comp Sales --------- --------- ---------- ----------- ---------- Number of Days GAAP 28 31 GAAP Sales $690.2 $631.8 $58.4 9.2% 6.6% Less July 1-6, 2002 sales - ($71.4) Plus August 1-3, 2002 sales - $73.0 Reported 4-5-4 sales $690.2 $633.4 $56.8 9.0% 6.1% ========= ========= 28 28
Dollar % Change % Change Sales Reconciliation ($M) QTD 2003 QTD 2002 Increase Total Sales Comp Sales -------- -------- ---------- ----------- ---------- Number of Days GAAP 91 92 GAAP Sales $1,795.0 $1,655.6 $139.4 8.4% 4.5% Less May 1-4, 2002 sales - ($65.2) Plus August 1-3, 2002 sales - $73.0 Reported 4-5-4 sales $1,795.0 $1,663.4 $131.6 7.9% 3.9% 4-5-4 Adjusted Days ======== ======== 91 91
Dollar % Change % Change Sales Reconciliation ($M) YTD 2003 YTD 2002 Increase Total Sales Comp Sales -------- -------- ---------- ----------- ---------- Number of Days GAAP 183 181 GAAP Sales $3,138.7 $2,901.3 $237.4 8.2% 3.1% Less Feb. 1, 2003 sales ($18.2) - Less Feb. 1-2, 2002 sales - ($30.4) Plus August 1-3, 2002 sales - $73.0 Reported 4-5-4 sales $3,120.5 $2,943.9 $176.6 6.0% 1.6% 4-5-4 Adjusted Days ======== ======== 182 182
FUTURE REPORTING DATES Nordstrom's financial release calendar for the next several months is provided in the table below. Second Quarter Earnings Thurs., August 21, 2003 August Sales Release Thurs., September 4, 2003 September Sales Release Thurs., October 9, 2003 October Sales Release Thurs., November 6, 2003 Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 143 US stores located in 27 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 89 full-line stores, 47 Nordstrom Racks, five Faconnable boutiques, one free-standing shoe store, and one clearance store. Nordstrom also operates 31 international Faconnable boutiques, primarily in Europe. Additionally, Nordstrom serves customers through its online presence at http://www.nordstrom.com and through its direct mail catalogs.
SALES SUMMARY (unaudited; $ in millions) July July QTD QTD YTD YTD 2003 2002 2003 2002 2003 2002 ---- ---- ---- ---- ---- ---- Total sales $690.2 $633.4 $1,795.0 $1,663.4 $3,120.5 $2,943.9 Total sales percentage change 9.0% 7.8% 7.9% 7.1% 6.0% 4.9% Same-store sales percentage change Full-line stores 6.2% 1.9% 4.0% 1.5% 1.8% (0.2%) Rack and other stores 5.6% 1.3% 2.8% 8.7% 0.4% 5.2% All stores 6.1% 1.9% 3.9% 2.2% 1.6% 0.3% Number of stores (as of August 2, 2003) Full-line 89 83 Rack and other 54 53 International Faconnable boutiques 31 23 --- --- Total 174 159 Gross square footage (as of Aug. 2, 2003) 18,628,000 17,455,000
Investor Contact: Stephanie Allen, 206-303-3262 Media Contact: Shasha Richardson, 206-373-3038 Certain statements in this news release contain "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties, including anticipated results, store openings and distribution channels, planned capital expenditures, and trends in company operations. Actual future results and trends may differ materially from historical results or current expectations depending upon factors including, but not limited to, the company's ability to predict fashion trends, consumer apparel buying patterns, the company's ability to control costs, weather conditions, hazards of nature such as earthquakes and floods, trends in personal bankruptcies and bad debt write-offs, changes in interest rates, employee relations, the company's ability to continue its expansion plans, and the impact of economic and competitive market forces, including the impact of terrorist activity or the impact of a war on the company, its customers and the retail industry. Our SEC reports may contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. ### -----END PRIVACY-ENHANCED MESSAGE-----