Nordstrom Inc. - JWN- Profile

Nordstrom Inc. The Group's principal activity is the retailing of a wide range of apparel, shoes and accessories for women, men and children. The Group comprises of four segments: Retail Stores, Credit, Direct, and Other. Retail Stores derives its revenues from sales of high-quality apparel, shoes, cosmetics and accessories. It includes our 98 Full-Line Nordstrom stores, 50 discount Nordstrom Rack stores, 1 free-standing shoe store and 2 clearance stores. Credit segment generates earnings through finance charges and securitization-related gains on these cards. Direct segment generates revenues from sales of high-quality apparel, shoes, cosmetics and accessories by serving its customers on the web site and through its catalogs. Other segment includes 4 U.S. based Faconnable boutiques and the 36 Faconnable boutiques located in France, Portugal and Belgium. As of year ended 2006, the Group operated through 155 U.S. stores located in 27 states. Retail Stores accounted for 92% of 2006 revenues; Direct sales, 7% and Other, 1%