Nordstrom Reports December Sales

  Nordstrom Reports December Sales

Business Wire

SEATTLE -- January 3, 2013

Nordstrom, Inc. (NYSE: JWN) today reported an 8.6 percent increase in
same-store sales for the five-week period ended December 29, 2012 compared
with the five-week period ended December 31, 2011. Preliminary total retail
sales of $1.72 billion for December 2012 increased 9.4 percent compared with
total retail sales of $1.57 billion for the same period in fiscal 2011.

Quarter-to-date same-store sales increased 5.1 percent compared with the same
period in fiscal 2011. Preliminary quarter-to-date total retail sales of $2.65
billion increased 6.6 percent compared with total retail sales of $2.48
billion for the same period in fiscal 2011.

Year-to-date same-store sales increased 7.0 percent compared with the same
period in fiscal 2011. Preliminary year-to-date total retail sales of $10.81
billion increased 10.2 percent compared with total retail sales of $9.81
billion for the same period in fiscal 2011.

SALES RECORDING

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

DECEMBER SALES                                              
RESULTS
(unaudited; $
in millions)
                                                                   
                      Total Retail Sales                           Same-store Sales
                      Fiscal       Fiscal       Percent                            Nordstrom
                      2012         2011         Increase       Total   Nordstrom   Rack
December              $1,719         $1,571         9.4%           8.6%      8.2%          8.1%
                                                                                           
Quarter-to-date       $2,645         $2,481         6.6%           5.1%      4.6%          6.5%
                                                                                           
Year-to-date          $10,811        $9,809         10.2%          7.0%      7.2%          7.3%
                                                                                           
                                                                                           
Number of             Dec-12       Dec-11
stores
Nordstrom             117            117
Nordstrom Rack        123            108
and 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

Nordstrom announced plans to open a full-line store at Mayfair in Wauwatosa,
Wisc. in fall 2015 and to relocate the full-line store at South Bay Galleria
in Redondo Beach, Calif. to Del Amo Fashion Center in Torrance, Calif. in
2015. Nordstrom also announced plans to open three Nordstrom Rack stores in
spring 2013, at Columbia Crossing in Columbia, Md., in downtown Washington
D.C. and at Maine Crossing in South Portland, Maine.

FUTURE REPORTING DATES

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

          January Sales Release            Thurs., February 7,
                                                          2013
                    Fourth Quarter Earnings               Thurs., February 21,
                    Release                               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, July 28, 2012 and
October 27, 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