Nordstrom Reports January Sales

  Nordstrom Reports January Sales

Business Wire

SEATTLE -- February 7, 2013

Nordstrom, Inc. (NYSE: JWN) today reported an 11.4 percent increase in
same-store sales for January.

Similar to many other retailers, Nordstrom follows the retail 4-5-4 reporting
calendar, which included an extra week in the fourth quarter of fiscal 2012
(the 53^rd week). In the 53^rd week, the company had preliminary total retail
sales of approximately $162 million. The 53^rd week is excluded from
same-store sales calculations.

Preliminary total retail sales of $951 million for the five week period ended
February 2, 2013 increased 38.4 percent compared with total retail sales of
$688 million for the four week period ended January 28, 2012. Excluding sales
for the 53^rd week, preliminary total retail sales for the four week period
ended January 26, 2013 increased 14.9 percent.

Fourth quarter same-store sales increased 6.3 percent compared with the same
period in fiscal 2011. Preliminary fourth quarter total retail sales of $3.60
billion increased 13.5 percent compared with total retail sales of $3.17
billion for the same period in fiscal 2011.

Fiscal year 2012 same-store sales increased 7.3 percent compared with the same
period in fiscal 2011. Preliminary fiscal year 2012 total retail sales of
$11.76 billion increased 12.1 percent compared with total retail sales of
$10.50 billion for the same period in fiscal 2011.

SALES RECORDING

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

JANUARY SALES RESULTS
(unaudited; $ in millions)

           Total Retail Sales                                 Same-store Sales
                                           Excluding        Excludes the 53^rd Week
                                                 53^rd Week                        
            Fiscal       Fiscal       Percent    Percent                              Nordstrom
            2012        2011        Increase  Increase^1       Total   Nordstrom  Rack
                                                                                       
January     $951         $688         38.4%      14.9%            11.4%    13.7%       9.0%
Fourth      $3,596       $3,169       13.5%      8.4%             6.3%     6.1%        7.1%
quarter
Fiscal      $11,762      $10,497      12.1%      10.5%             7.3%   7.5%        7.4%
year
                                                                                       
^1[53rd week sales are approximately $162
million]
                                                                                       
Number of   Jan-13      Jan-12
stores
Nordstrom   117          117
Nordstrom
Rack and    123          108
other
Total       240          225
                                                                                       
Gross
square      25,290,000   24,745,000
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 Ridgedale Center in
Minneapolis, Minn. in fall 2015. Nordstrom also announced plans to open two
Nordstrom Rack stores in fall 2013, at The Mercato in Naples, Fla. and at
Perimeter Expo shopping center in Atlanta, Ga.

FUTURE REPORTING DATES

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

Fourth Quarter Earnings Release Thurs., February 21, 2013
First Quarter Earnings Release Thurs., May 16, 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.
Investors:
Trina Schurman, 206-233-6503
or
Media:
Colin Johnson, 206-303-3036
 
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