|Exchange:||New York Stock Exchange|
|Nordstrom, Inc is a Washington corporation incorporated in 1946 as the successor to a retail shoe business that started in 1901. The Company operates as a fashion specialty retailer, with 225 U.S. stores located in 30 states. The west and east coasts of the United States are the areas in which it has the largest presence. The Company has two reportable segments: Retail and Credit. The Retail segment includes its 116 ‘Nordstrom’ branded full-line stores and its online store at www.nordstrom.com, its 105 off-price ‘Nordstrom Rack’ stores and its other retail channels including its online private sale subsidiary ‘HauteLook,’ its two ‘Jeffrey’ boutiques, one philanthropic ‘treasure&bond’ store and one clearance store that operates under the name ‘Last Chance.’ Through these multiple retail channels, it offers its customers a wide selection of high-quality brand name and private label merchandise focused on apparel, shoes, cosmetics and accessories. The Company’s integrated Nordstrom full-line stores and online store allow it to provide its customers with a seamless shopping experience across all channels. Purchases within its stores are primarily fulfilled from that store’s inventory, but may also be shipped to its customers from its fulfillment center in Cedar Rapids, Iowa, or from other Nordstrom full-line stores for inventory unavailable at the original store. Online purchases are primarily shipped to its customers from its Cedar Rapids fulfillment center, but may also be shipped from its Nordstrom full-line stores. The Company’s customers also have the option to pick up online orders in its Nordstrom full-line stores if inventory is available at that location. These capabilities allow it to better serve customers across various channels and improve sales. The Nordstrom Rack stores purchase high-quality name brand merchandise directly from vendors and also serve as outlets for clearance merchandise from its Nordstrom stores. In the first quarter of 2011, it acquired HauteLook, an online private sale retailer offering limited-time sale events on fashion and lifestyle brands. This acquisition enables it to participate in the fast-growing private sale marketplace. The Company’s Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The credit and debit cards feature a shopping-based loyalty program designed to increase customer visits and spending. The Company’s policies, procedures and practices are designed to comply with federal, state, local and foreign laws, rules and regulations.|
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