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ACCTG 220 Dr. Mereba Sec 10-k project – nordstrom , Inc. July 15 , 2013

ACCTG 220 Dr. Mereba Sec 10-k project – nordstrom , Inc. July 15 , 2013. 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

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ACCTG 220 Dr. Mereba Sec 10-k project – nordstrom , Inc. July 15 , 2013

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  1. ACCTG 220Dr. MerebaSec 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 Retail and customer information available at shop.nordstrom.com

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