1. ACCTG 220 DR. MEREBA SEC 10-K PROJECT – NORDSTROM, INC. JULY 15, 2013

2. Nordstrom, Inc.  Founded in 1901 by John W. Nordstrom and Carl Wallin  Began as a retail shoe business in Seattle, WA  Became incorporated in the state of Washington during 1946  Currently operates in 31 states throughout the US

3. Shopping Options  Full-line retail stores  Nordstrom Rack (company owned discount stores)  Jeffrey Boutiques (company owned)  On-line With a focus on fashion, Nordstrom offers a plentiful selection of women’s, men’s and children’s clothing and footwear as well as jewelry and select housewares/home décor.

4. Statements of Earnings for 2012  Total Revenues (from net sales and credit card revenues) = $12.1 billion  Nordstrom, Inc.’s largest expense = Cost of sales and related buying and occupancy costs at $7.4 billion  Net Income = $735 million  Profit Margin = 39%

5. Balance Sheet for 2012  Total Assets = $8.1 billion (includes cash, accounts receivable, inventory, land, buildings, equipment and intangibles)  Total Shareholder’s Equity = $1.9 billion Total Liabilities = Assets – Shareholder’s Equity Total Liabilities = $6.2 billion

6. Little Known Facts (at least to me…)  Approximately 25% of Nordstrom, Inc.’s stock is held by members of the Nordstrom family  Nordstrom offers credit through both a private credit card and the Nordstrom Visa  Nordstrom will alter payment schedules and interest rate for their credit customers who have suffered some type of financial hardship

7. What’s to come… Nordstrom, Inc. is a long-standing retail business which has survived many economic downturns. Their longevity has been proven and their dedication to customer service and exceptional, quality products are sure to keep Nordstrom, Inc. a profitable and stable company for years to come.

8. References Nordstrom, Inc. SEC 10-K accessed at http://phx.corporate- ir.net/phoenix.zhtml?c=93295&p=irol-sec http://phx.corporate- ir.net/phoenix.zhtml?c=93295&p=irol-sec Retail and customer information available at shop.nordstrom.com