Nordstrom

National chain of upscale department stores.

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Headquarters:
1617 Sixth Avenue
Seattle, WA 98101
Employees: 73,500
CEO: Blake Nordstrom
Stock Symbol: JWN

Website: http://www.nordstrom.com

Career Site

Nordstrom is one of the nation's leading fashion retailers and sells clothing, shoes and accessories for both men and women. Nordstrom is well known for a wide-selection of merchandise and for providing exceptional customer service.

Nordstrom Rack is the off-price division, carrying products at 50-60% off from Nordstrom store prices.

The company operates 292 stores located in 37 states. There are 116 flagship Nordstrom stores in the U.S. and one in Canada, 167 Nordstrom Racks, two Jeffrey boutiques and one clearance store.

The company also sells products by catalog and its website.

There are Nordstrom stores in Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Virginia and Washington.

Nordstrom Credit, which includes Nordstrom fsb (a federal savings bank), offers customers a variety of payment products and services including the Nordstrom Fashion Rewards program, the Nordstrom credit card, Nordstrom Visa Signature card, and Nordstrom debit card.

For fiscal 2014, Nordstrom reported record sales for the year of $13.1 billion, a 7.8% increase. Full year same-store sales at full-line stores increased 3.6%. Net income for the year was $734 million.

During 2014, the Company opened three full-line stores, including its first store in Canada, and 27 Nordstrom Rack stores, launched Nordstromrack.com and acquired Trunk Club.

In 2015, four new Nordstrom stores are planned in the U.S. and Puerto Rico, two in Canada, and 27 Nordstrom Rack stores in the U.S.

History

In 1901, John Nordstrom would open his first shoe store with a friend Carl Wallin, whom he met in Alaska. Nordstrom earned $13,000 through a stake in an Alaskan gold mine. The first store was located in downtown Seattle and named Wallin & Nordstrom.

From the beginning, John's business philosophy was based on exceptional service, selection, quality and value. The company built a devoted customer base; and in 1923, the partners added their second store.

In 1928, John Nordstrom retired and sold his share of the company to his sons, Everett and Elmer. Carl Wallin retired a year later and also sold his share of the company to the Nordstrom sons. A third son, Lloyd, joined the team in 1933.

The company became the top independent shoe retailer in the country and expanded into clothing in 1963 with the purchase of the Best Apparel clothing chain. Nordstrom became a full-fledge department store and went public in 1971.

Benefits

Nordstrom provides medical and dental coverage with a four-month waiting period after employment begins. Disability, life insurance and accident insurance also provided after four months of work.

Paid time off is available to employees after 1,000 hours of service. Paid holidays are given after 520 hours of service.

401(k) plan: Deferral opportunity of up to 50% (15% for those deemed Highly Compensated Employees under Plan provisions) of eligible pay as pretax 401(k) deferrals, post-tax Roth 401(k) deferrals, or a combination of both into an assortment of investment options. Nordstrom may match deferrals, dollar for dollar, up to 4% of eligible pay, vested over time, subject to maximum contribution levels and the Company’s profitability.

Profit Sharing: The Company may contribute up to 3% of eligible pay based on Profit Sharing years of service and the Company’s profitability.

Employee stock purchase is available at 10% discount.

Employee discount of 20% or 33% discount for you and eligible dependents at Nordstrom Full-Line stores, Nordstrom Rack and Nordstrom Direct. The discount percentage you receive depends on a combination of things including your role and responsibilities within the Company, as well as where you shop and the products and services you purchase.

Nordstrom has its own bank which provides checking accounts to employees and Nordstrom Visa cards.

Updated April 11, 2015