Profile: Nordstrom Inc (JWN.N)

JWN.N on New York Stock Exchange

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Nordstrom, Inc. incorporated on September 28, 1946 is a fashion specialty retailer. The Company operates 262 United States stores located in 35 states as well as a robust e-commerce business through Nordstrom.com and HauteLook. The Company operates through two segments: Retail and Credit. The Retail segment includes approximately 117 ‘Nordstrom’ branded full-line stores and online store at Nordstrom.com, approximately 142 off-price ‘Nordstrom Rack’stores, one clearance store that operates under the name ‘Last Chance’ and other retail channels including its online private sale subsidiary ‘HauteLook’ and its two ‘Jeffrey’ boutiques. 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.

Retail Segment

The Retail segment includes 117 ‘Nordstrom’ branded full-line stores and online store at Nordstrom.com (Direct), 142 off-price ‘Nordstrom Rack’ stores, one clearance store that operates under the name ‘Last Chance’ and other retail channels including the Company’s online private sale subsidiary ‘HauteLook’ and its two ‘Jeffrey’ boutiques. The Company offers a range of high-quality brand name and private label merchandise focused on apparel, shoes, cosmetics and accessories. In-store purchases are primarily fulfilled from that store’s inventory, but when inventory is unavailable at that store it may also be shipped to its customers from its fulfillment center in Cedar Rapids, Iowa, or from other Nordstrom full-line stores. 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. Its customers can also pick up online orders in its Nordstrom full-line stores if inventory is available at one of its locations. Nordstrom Rack stores purchase high-quality brand name merchandise primarily from the same vendors carried in Nordstrom full-line stores and also serve as outlets for clearance merchandise from Nordstrom stores. Its online private sale retailer, HauteLook, offers limited time sale events on fashion and lifestyle brands, as well as a persistent selection of off-price high-quality brand name merchandise.

Credit Segment

Credit segment includes the Company’s 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 Nordstrom credit and debit card products are designed to strengthen customer relationships and grow retail sales by providing loyalty benefits, valuable services and payment products. Nordstrom private label credit and debit cards can be used only at Nordstrom full-line stores, Nordstrom Rack stores and online at Nordstrom.com, while Nordstrom VISA cards also may be used for purchases outside of Nordstrom. Cardholders participate in the Nordstrom Rewards program through which cardholders accumulate points for their purchases. Upon reaching a certain points threshold, cardholders receive Nordstrom Notes, which can be redeemed for goods or services at Nordstrom full-line stores, Nordstrom Rack and online at Nordstrom.com. Nordstrom Rewards customers receive reimbursement for alterations, get Personal Triple Points days and have early access to sales events. With increased spending, they can receive additional amounts of these benefits as well as access to exclusive fashion and shopping events.

Company Address

Nordstrom Inc

1617 SIXTH AVENUE
SEATTLE   WA   98101-4407
P: +1206.6282111

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