JWN - Nordstrom Inc.

Nordstrom, Inc. is a fashion specialty retailer. As of March 19, 2010, the Company operated 187 stores located in 28 states in the United States. The Company operates in four segments: Retail Stores, Direct, Credit and Other. The Retail Stores segment includes its 112 Nordstrom full-line stores, 72 off-price Nordstrom Rack stores, two Jeffrey boutiques, and one clearance store that operates under the name Last Chance. The Direct segments merchandise is primarily shipped from its fulfillment center in Cedar Rapids, Iowa. Its Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it offers a private label card, two Nordstrom VISA credit cards and a debit card for Nordstrom purchases. Its Other segment includes its product development team, called Nordstrom Product Group, which designs and contracts to manufacture private label merchandise sold in its Retail Stores and Direct segments.