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Press release from Business Wire

Nordstrom Reports February Sales

Thursday, March 01, 2012

Nordstrom Reports February Sales08:28 EST Thursday, March 01, 2012 SEATTLE (Business Wire) -- Nordstrom, Inc. (NYSE:JWN) today reported a 10.2 percent increase in same-store sales for the four-week period ended February 25, 2012 compared with the four-week period ended February 26, 2011. Preliminary total retail sales of $704 million for February 2012 increased 16.2 percent compared with total retail sales of $606 million for the same period in fiscal 2011. February 2012 included a shift in the timing of a shoe clearance event relative to last year. It improved total February same-store sales by an estimated 200 to 250 basis points and will reduce total March same-store sales by an estimated 150 to 200 basis points. SALES RECORDING To hear Nordstrom's pre-recorded February sales message, please dial (402) 220-6036 beginning today at 8:40 a.m. EST. This recording will be available for one week.   FEBRUARY SALES RESULTS(unaudited; $ in millions) Total Retail Sales   Same-store Sales Fiscal2012   Fiscal2011   PercentIncreaseTotal   Nordstrom   NordstromRack February $704   $606   16.2% 10.2%   11.9%   5.9%     Number of stores Feb-12   Feb-11 Nordstrom 116 115 Nordstrom Rack and other 10889 Total 224204   Gross square footage 24,623,000 23,838,000 SAME-STORE SALES Same-store sales include sales from stores that have been open at least one full year as of the beginning of the fiscal year. Nordstrom includes sales from both full-line stores and Direct because of the integration of these two channels. Total same-store sales include accounting adjustments that are not allocated to Nordstrom and Nordstrom Rack. Same-store sales exclude sales made through HauteLook, Nordstrom's online private sale subsidiary, which was acquired in the first quarter of 2011. EXPANSION UPDATE Today, Nordstrom opens a Nordstrom Rack at the Outlets at Orange in Orange, Calif. Additionally, in March Nordstrom plans to open one Nordstrom full-line store at City Creek Center in Salt Lake City, Utah and relocate its Nordstrom Rack store in downtown Seattle, Wash. to the nearby Westlake Center. FUTURE REPORTING DATES Nordstrom's planned financial release calendar for the next three months currently includes: March Sales Release   Thurs., April 5, 2012 April Sales Release Thurs., May 3, 2012 First Quarter Earnings Release Thurs., May 10, 2012 May Sales Release Thurs., May 31, 2012 ABOUT NORDSTROM Nordstrom, Inc. is one of the nation's leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 225 stores in 30 states, including 116 full-line stores, 105 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one clearance store. Nordstrom also serves customers through and through its catalogs. Additionally, the Company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN. Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties, including, but not limited to, anticipated store openings and trends in company operations. Such statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: the impact of economic and market conditions and the resultant impact on consumer spending patterns; our ability to maintain our relationships with vendors; our ability to respond to the business environment, fashion trends and consumer preferences, including changing expectations of service and experience in stores and online; effective inventory management; successful execution of our growth strategy, including possible expansion into new markets, technological investments and acquisitions, including our ability to realize the anticipated benefits from such acquisitions, and the timely completion of construction associated with newly planned stores, relocations and remodels, which may be impacted by the financial health of third parties; our ability to maintain relationships with our employees and to effectively attract, develop and retain our future leaders; successful execution of our multi-channel strategy; our compliance with applicable banking and related laws and regulations impacting our ability to extend credit to our customers; impact of the current regulatory environment and financial system and health care reforms; the impact of any systems failures and/or security breaches, including any security breaches that result in the theft, transfer or unauthorized disclosure of customer, employee or company information or our compliance with information security and privacy laws and regulations in the event of such an incident; our compliance with employment laws and regulations and other laws and regulations applicable to us; trends in personal bankruptcies and bad debt write-offs; changes in interest rates; efficient and proper allocation of our capital resources; availability and cost of credit; our ability to safeguard our brand and reputation; successful execution of our information technology strategy; weather conditions, natural disasters, health hazards or other market disruptions, or the prospects of these events and the impact on consumer spending patterns; disruptions in our supply chain; the geographic locations of our stores; the effectiveness of planned advertising, marketing and promotional campaigns; our ability to control costs; and the timing and amounts of share repurchases by the company, if any, or any share issuances by the company, including issuances associated with option exercises or other matters. Our SEC reports, including our Form 10-K for the fiscal year ended January 29, 2011, and our Forms 10-Q for the fiscal quarters ended April 30, 2011, July 30, 2011 and October 29, 2011, and our Form 10-K for the fiscal year ended January 28, 2012, to be filed with the SEC on or about March 16, 2012, 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. The company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.INVESTOR CONTACT:Nordstrom, Inc.Trina Schurman, 206-233-6503orMEDIA CONTACT:Nordstrom, Inc.Colin Johnson, 206-303-3036