| Business Summary | | Nordstrom,
Inc.,
as
of
January
31,
2001,
operated
77
large
specialty
stores
in
the
United
States,
selling
a
wide
selection
of
apparel,
shoes
and
accessories
for
women,
men
and
children.
The
Company
also
operated
37
stores
under
the
name
Nordstrom
Rack
and
one
clearance
store.
The
Nordstrom
Rack
stores
purchase
merchandise
directly
from
manufacturers,
as
well
as
serving,
in
part,
as
outlets
for
clearance
merchandise
from
the
Company's
large
specialty
stores.
The
Company
also
operated
two
freestanding
shoe
stores
located
in
Hawaii,
and
three
Specialty
Boutiques
in
New
York
and
California
under
the
name
Faconnable.
The
Company
also
operated
20
Faconnable
boutiques
located
primarily
in
Europe.
Faconnable
is
a
wholesaler
and
retailer
of
high-quality
men's
and
women's
apparel
and
accessories. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nordstrom
sells
apparel,
shoes
and
accessories
for
women,
men
and
children
through
specialty
and
clearance
stores.
The
Company
also
operates
a
men's
boutique,
and
a
direct
sales
division.
For
the
six
months
ended
7/31/01,
sales
increased
6%
to
$2.76
billion.
Net
income
decreased
19%
to
$63.5
million.
Revenues
reflect
the
opening
of
new
full-line
stores
and
Nordstrom
Rack
stores.
Net
income
was
offset
by
a
lower
gross
profit
due
to
higher
buying
expenses. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
1,545,759;
after
tax
earnings
were
38,699. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Bruce Nordstrom, 66 Chairman | -- | -- | Blake Nordstrom, 39 Pres | $419K | $32K | Michael Koppel, 43 CFO | -- | -- | J. Nordstrom, 37 Pres
of Nordstrom.com LLC | -- | -- | Jammie Baugh, 46 Exec.
VP - Northwest Gen. Mang. | -- | -- | Dollar
amounts are as of 31-Jan-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|