For Immediate Release
Oct. 5, 2000
Nordstrom sales increase in September 2000
SEATTLE, Wash. – Oct. 5, 2000 – Nordstrom, Inc. (NYSE: JWN) today reported preliminary sales of $421.7 million for the month of September 2000, compared to sales of $364.4 million in
September 1999. Adjusting for the impact of differences in the specific days of the week that comprise September 2000 compared to September 1999, total sales for September 2000 increased 12.0 percent, while same-store sales increased 4.3 percent. Unadjusted total and same-store sales for the month of September 2000 rose 15.7 percent and 7.9 percent, respectively.
Preliminary 2000 year-to-date sales of $3.4 billion increased 7.2 percent compared to 1999 year-to-date sales of $3.2 billion, while year-to-date same-store sales increased 1.7 percent.
Adjusted same-store sales in full-line stores during September 2000 increased in the East Coast, Southwest and Northwest regions, and were flat in the Central States region. Adjusted same-store sales in full-line stores during September 2000 increased in all major merchandise categories except children’s apparel.
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with 116 stores located in 23 states, including 76 full-line stores, 34 Nordstrom Racks, three Façonnable boutiques, two free-standing shoe stores, and one clearance store. The company also serves customers online at NORDSTROM.com and NORDSTROMshoes.com, as well as through its direct mail catalogs.
Total square footage of the company’s stores was 15,661,000 as of Oct. 5, 2000.
SALES SUMMARY September* September YTD YTD
(unaudited; $ in millions) 2000 1999 2000 1999
(243 days) (242 days)
Total sales $421.7 $364.4 $3,420.9 $3,190.5
Total sales percentage change 15.7% 3.2% 7.2% -.1%
Same-store sales percentage change
(compared to same period in prior year)
Full-line stores 8.4% 1.1% 1.5% -2.5%
Rack and other stores 3.1% -3.0% 3.3% -3.0%
All stores 7.9% .7% 1.7% -2.6%
Number of stores
Full-line 76 71
Rack and other 40 32
Total 116 103
Gross square footage (stores) 15,661,000 14,425,000
* September 2000 included one more Friday and Saturday, and one less Wednesday and Thursday, compared to September 1999
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 successful negotiation and closing of the described action; related financing matters; the capital markets; compliance with laws, including foreign laws; planned capital expenditures; and trends in company operations; fashion trends and consumer apparel buying patterns, and operating costs and expenses; weather conditions; hazards of nature such as earthquakes and floods; employee relations; the company’s ability to continue its expansion plans; and the impact of economic and competitive market forces. Our SEC reports may contain other information on these and other factors which could affect our financial results and cause actual results to differ from any forward-looking information we may provide. |
