Nordstrom
Nordstrom, Inc. (/ˈnɔːrdstrəm/) is an American luxury department store chain headquartered in Seattle, Washington, and founded by John W. Nordstrom and Carl F. Wallin in 1901. The original Wallin & Nordstrom store operated exclusively as a shoe store, and a second Nordstrom's shoe store opened in 1923. The growing Nordstrom Best chain began selling clothing in 1963, and became the Nordstrom full-line retailer that presently exists by 1971. The company founded its off-price Nordstrom Rack division in 1973, and grew both full-line and off-price divisions throughout the United States in the following years. The full-line division competes with department stores including Bloomingdale's, Macy's, Neiman Marcus, and Saks Fifth Avenue, while the off-price division competes with retailers including the TJX Companies and Ross Stores. Previous expansions beyond the contiguous United States include Puerto Rico (2015–2020) and Canada (2014–2023).
Flagship store and headquarters in Downtown Seattle in 2016 | |
Formerly |
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Company type | Public |
Industry | Retail |
Founded | 1901Seattle, Washington, U.S. | in
Founders |
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Headquarters | 1617 Sixth Avenue Seattle, Washington, U.S. |
Number of locations | 468 |
Area served | United States |
Key people |
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Products |
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Revenue | US$14.789 billion (2021) |
US$492 million (2021) | |
US$178 million (2021) | |
Total assets | US$8.869 billion (2021) |
Total equity | US$581 million (2021) |
Number of employees | 62,000 (2021) |
Subsidiaries | Nordstrom Rack |
Website | nordstrom |
Footnotes / references |