Nordstrom 2007 Annual Report Download - page 66

Download and view the complete annual report

Please find page 66 of the 2007 Nordstrom annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

58
Nordstrom, Inc.
Notes to Consolidated Financial Statements
Dollar and share amounts in millions except per share and per option amounts
The following table summarizes net sales by merchandise category:
Fiscal year 2007 2006 2005
Women’s apparel $3,063 $2,963 $2,710
Shoes 1,784 1,731 1,591
Men’s apparel 1,571 1,561 1,389
Cosmetics 950 942 847
Women’s accessories 941 848 720
Children’s apparel 285 286 266
Other 234 230 200
Total $8,828 $8,561 $7,723
The following table presents our sales by merchandise category as a percentage of net sales:
Fiscal year 2007 2006 2005
Women’s apparel 35% 35% 35%
Shoes 20% 20% 21%
Men’s apparel 18% 18% 18%
Cosmetics 11% 11% 11%
Women’s accessories 11% 10% 9%
Children’s apparel 3% 3% 3%
Other 2% 3% 3%
In general, we use the same measurements to compute earnings before income taxes for reportable segments as we do for the consolidated
company. However, redemptions of our Nordstrom Notes®are included in net sales for our Retail Stores segment. The sales amount in our Other
segment includes an entry to eliminate these transactions from our consolidated net sales. There is no impact to consolidated earnings before
income taxes for this adjustment. In addition, our sales return reserve and other corporate adjustments are recorded in the Other segment. Other
than described above, the accounting policies of the operating segments are the same as those described in the summary of significant accounting
policies in Note 1.