USA: Nordstrom Reports April Sales

Nordstrom, Inc. reported preliminary sales of $600 million for the four-week period ended May 3, 2008, a decrease of 0.6 percent compared to sales of $604 million for the four-week period ended May 5, 2007. Same-store sales decreased 3.8 percent.

Preliminary first quarter sales of $1.88 billion decreased 3.8 percent compared to sales of $1.95 billion for the same period in 2007. First quarter same-store sales decreased 6.5 percent.

The monthly same-store sales results in April 2008 were positively impacted by the timing shift of the Easter holiday from April to March. The company's stores were open an additional day in April 2008 when compared to April 2007.

Nordstrom will begin its Half-Yearly Sale for Women and Kids on Wednesday, May 21, 2008, to better align with the Memorial Day Holiday shopping period, rather than Nordstrom's traditional early June start of the semi-annual sale event. Accordingly, we expect sales results for May to be positively impacted and June to be negatively impacted by this timing shift.

Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 159 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 105 full-line stores, 50 Nordstrom Racks, two Jeffrey boutiques, and two clearance stores. In addition, Nordstrom serves customers through its online and catalogs.

Annual Meeting of Shareholders

Nordstrom will hold its 2008 Annual Meeting of Shareholders on Tuesday, May 20, 2008, at 11:00 a.m. Pacific Daylight Time, in the Illsley Ball Nordstrom Recital Hall of Benaroya Hall in Seattle, Washington.

Added: May 9, 2008 (5 days ago) Source: Agencies

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