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Nordstrom Reports November Sales



  Nordstrom Reports November Sales

Business Wire

SEATTLE -- November 29, 2012

Nordstrom, Inc. (NYSE:JWN) today reported a 1.1 percent decrease in same-store
sales for the four-week period ended November 24, 2012 compared with the
four-week period ended November 26, 2011. Preliminary total retail sales of
$926 million for November 2012 increased 1.8 percent compared with total
retail sales of $910 million for the same period in fiscal 2011.

Sales were weaker in the first half of the month, largely attributable to a
lower than planned Half-Yearly Sale for Women and Kids. Customers continue to
demonstrate a strong preference for fashion and newness, which has made
clearance events less compelling. Sales also were unfavorably impacted by
store closures in the Northeast and Mid-Atlantic regions due to Hurricane
Sandy. Sales trends in the second half of the month rebounded to their recent
historical level.

Year-to-date same-store sales increased 6.7 percent compared with the same
period in fiscal 2011. Preliminary year-to-date total retail sales of $9.09
billion increased 10.4 percent compared with total retail sales of $8.24
billion for the same period in fiscal 2011.

SALES RECORDING

To hear Nordstrom’s pre-recorded November sales message, please dial
402-220-6036 beginning today at 8:40 a.m. EST. This recording will be
available for one week.

NOVEMBER SALES RESULTS

(unaudited; $ in millions)
                                                     
               Total Retail Sales                     Same-store Sales
               Fiscal       Fiscal       Percent      Total     Nordstrom   Nordstrom
               2012         2011         Increase                           Rack
November       $926         $910         1.8   %      (1.1 %)   (2.0  %)    4.3   %
                                                                             
Year-to-date   $9,092       $8,238       10.4  %      6.7  %    7.0   %     7.2   %
                                                                             
                                                                             
Number of      Nov-12       Nov-11
stores
Nordstrom      117          117
Nordstrom
Rack and       123          108
other
Total          240          225
                                                                             
Gross square   25,290,000   24,744,000
footage

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

In November, Nordstrom opened two Nordstrom Rack stores at Warwick Mall in
Warwick, R.I. and Northgate Mall in Seattle, Wash.

Nordstrom also announced plans to open a Nordstrom Rack store at River Ridge
Shopping Center in Birmingham, Ala. in spring 2013 and relocate the Nordstrom
Rack store at Promenade at Howard Hughes Center in Los Angeles, Calif. to
Westfield Culver City in Culver City, Calif. in fall 2013.

FUTURE REPORTING DATES

Beginning in fiscal 2013, the Company will align with the practice of a
majority of its retail peers and no longer report monthly sales.

Nordstrom’s planned financial release calendar currently includes the
following upcoming events:

                December Sales Release            Thurs., January 3, 2013
                January Sales Release             Thurs., February 7, 2013
                Fourth Quarter Earnings Release   Thurs., February 21, 2013

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 240
stores in 31 states, including 117 full-line stores, 119 Nordstrom Racks, two
Jeffrey boutiques, one treasure&bond store and one clearance store. Nordstrom
also serves customers through Nordstrom.com 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 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, our ability to
realize the anticipated benefits from such growth initiatives, and the timely
completion of construction associated with newly planned stores, relocations
and remodels, all of which may be impacted by the financial health of third
parties; our ability to manage the change in our business/financial model as
we increase our investment in e-commerce and our online business; 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, including planning, procurement and allocation
capabilities; 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, cybersecurity 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, including the outcome of
claims and litigation and resolution of tax matters; compliance with debt
covenants and availability and cost of credit; our ability to safeguard our
brand and reputation; successful execution of our information technology
strategy; our ability to maintain our relationships with vendors; trends in
personal bankruptcies and bad debt write-offs; changes in interest rates;
efficient and proper allocation of our capital resources; 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 28, 2012, and our
Forms 10-Q for the fiscal quarters ended April 28, 2012 and July 28, 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.

Contact:

Nordstrom, Inc.
INVESTOR CONTACT:
Trina Schurman, 206-233-6503
or
MEDIA CONTACT:
Colin Johnson, 206-303-3036
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