Nordstrom Inc reported preliminary sales of $851.1 million for the five-week period ending July 7, 2007, an increase of 2.9 percent compared to sales of $827.0 million for the five-week period ending July 1, 2006. Same-store sales increased 2.0 percent.
Preliminary quarter-to-date sales of $1.49 billion increased 4.3 percent compared to sales of $1.43 billion during the same period in 2006. Quarter-to-date same-store sales increased 3.8 percent.
Preliminary year-to-date sales of $3.44 billion increased 7.1 percent compared to sales of $3.22 billion during the same period in 2006. Year-to-date same-store sales increased 6.9 percent.
The 53rd week in fiscal 2006 created a timing shift in the 4-5-4 calendar for fiscal 2007. The month of June in fiscal 2007 began one week later than in fiscal 2006. This timing shift negatively impacted reported sales for June 2007.
Second Quarter 2007 Sales Outlook: Our outlook for the 2007 second quarter same-store sales rate is for an estimated two to three percent increase. This range reflects a combination of the actual rates for May and June with the planned same-store sales rate for July.
For the month of July, we expect the same-store sales rate to be in line with the anticipated quarterly rate.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
