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Nordstrom

2Q

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Nordstrom Inc. (Seattle) has reported a 39.3 percent increase in net earnings for the second quarter ended July 30, 2005.

Total sales increased 7.8 percent and same-store sales increased 6.2 percent.

The company said the results reflect ongoing merchandise execution, inventory productivity and expense management improvements. It said it continues to focus on providing a differentiated shopping experience and delivering superior long-term financial performance.

Regular price selling was strong throughout the quarter and the initial response to fall merchandise was favorable.

Year-to-date net earnings are up 44 percent. Year-to-date total sales have increased 7.8 percent and same-store sales have gained 6.2 percent.

No new stores were opened during the second quarter. Throughout the remainder of the year, the company plans to open three full-line stores, in San Antonio, at The Shops at La Cantera, on September 16; in Irvine, Calif., at The Irvine Spectrum, on September 30; and in Dallas, at NorthPark Center, on November 11.

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