<== Nordstrom ==>

Nordstrom Department Store

Nordstrom is a upscale department store with about 150 stores in 27 states. The company was founded in 1901 by John W. Nordstrom and his partner Carl Wallin in Seattle. John W. Nordstrom had made $13,000 from a gold mine the Alaska Komstock gold rush. Carl Wallin had a shoe repair business. The combined venture sought to make quality shoes and gradually expanded into other lines of apparel and items for the home.

The initial store Wallin and Nordstrom developed a reputation for excellence in service that the stores work diligently to maintain. In 1923, the company added a second store. In the late twenties control of the company was transferred to Nordstrom's sons who brought the store to a national audience.

In 1971, Nordstrom's went public and is traded on the New York Stock Exchange with the symbol JWM. The stores headquarters are in Seattle, Wa. The current CEO is Bruce Nordstrom. The president is Blake W. Nordstrom. Hoovers reports that in 2005, Nordstroms had 53,500 employees, $7.1 billion in sales and a net income of $393.5 million.

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