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Nordstrom, Inc. () 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). Early history John W. Nordstrom was born on February 15, 1871, in the village Alvik near Luleå in Northern Sweden. In 1887, Nordstrom immigrated to the United States at the age of 16. His name at birth was Johan Wilhelm Nordström (Swedish pronunciation: [ˈjuːhɑn ˈvɪlhɛlm ˈnuːr(d)strœm]), which he later anglicized to John W. Nordstrom. After landing in New York, he began working in Michigan and was able to save enough money to purchase a 20-acre (81,000 m2) potato farm in Arlington, Washington. In 1897, he joined the Klondike Gold Rush in Canada's Yukon Territory. After two years of prospecting, he finally struck gold, but sold his disputed claim for $13,000. Returning to Seattle with his newfound wealth, he married Hilda Carlson in 1900 and searched for a business venture. Operations during 20th century Wallin & Nordstrom and Nordstrom Best Nordstrom eventually settled on a shoe store that opened in 1901, called Wallin & Nordstrom. Carl F. Wallin, the co-founder of the store, was the owner of the adjacent shoe repair shop. John and Hilda had five children, three of whom would follow him into the family business, Everett W. (1903), Elmer J. (1904) and Lloyd N. Nordstrom. In 1928, John W. Nordstrom retired and sold his shares to two of his sons, Everett and Elmer. In 1929, Wallin also retired and sold his shares to them. The 1930 grand opening of the remodeled Second Avenue store marked the change of name to Nordstrom. Lloyd Nordstrom subsequently joined the company in 1933, and the three brothers ran the business together for almost forty years. By 1958, Nordstrom had expanded to eight stores in two states but still sold only shoes. Apparel came with its purchase of Best's Apparel of Seattle in 1963, and the company's name was changed to Nordstrom Best. Following renaming to Nordstrom In 1971, the company was taken public on NASDAQ. It was moved to the New York Stock Exchange in 1999 under the ticker symbol JWN after John W. Nordstrom, its founder. Their business continued beyond stores in 1974. On December 5, the National Football League announced the signing of a franchise agreement that would put a team in Seattle, Washington. Representing the family as majority partner of the consortium was Lloyd W. Nordstrom. However, he would never see a game as owner, as he died of a heart attack on January 20, 1976, eight months before the newly christened Seattle Seahawks took the field. With his death, the estate of Mr. Nordstrom would oversee the team, with co-owner and entrepreneur Herman Sarkowsky serving as the team's first chief operating officer. By 1975, Nordstrom expanded into Alaska (the only time by acquisition) by purchasing Northern Commercial Company and opened its first Nordstrom Rack clearance store in Seattle. A strong northwest regional retailer with sales already approaching $250 million making it the third-largest specialty retailer in the United States, the company opened its first Southern California store at South Coast Plaza in Costa Mesa in 1978. By the early 1990s, it had opened 26 stores plus Racks in California. Subsequent expansion relied on creating a strongly decentralized regional structure, beginning with the Northeast in the Tysons Corner Center in Virginia (1988), the Midwest in the Oakbrook Center in Illinois (1991), the Southeast in Atlanta (1998), and the Southwest in Dallas (1996). In a new region, the initial store was used as a base for training and recruitment for subsequent expansion, and was usually backed by its own distribution center. From 1978 to 1995, Nordstrom opened a total of 46 full-line department stores. In 1976, Nordstrom opened a series of stores called Place Two to sell a more limited selection of apparel in smaller markets. By 1983, there were ten Place Two stores, but the cost of upgrading the smaller stores, especially from a systems perspective, outweighed the benefit, and the division was discontinued. The last two remaining Place Two stores closed on April 1, 1995. In August 1988, the Nordstroms sold the Seahawks to real estate developer Ken Behring and his partner Ken Hofmann for $80 million. The company also expanded into direct sales in 1993, beginning with a catalog division led by John N.'s son Dan that was followed by an e-commerce business. Nordstrom.com's fulfillment and contact centers are located in Cedar Rapids, Iowa; and Seattle, Washington. Currently, it has distribution centers in Ontario, California; Newark, California; Portland, Oregon; Dubuque, Iowa; Upper Marlboro, Maryland; and Gainesville, Florida. Nordstrom FSB, a wholly owned subsidiary of Nordstrom, Inc., is a federally chartered savings bank doing business as Nordstrom Bank. It was formed in 1991 in Scottsdale, Arizona, with its customer contact center in Centennial, Colorado. Nordstrom FSB was formerly known as Nordstrom National Credit Bank and changed its name to Nordstrom FSB in March 2000. The bank offers various banking and credit products, such as Nordstrom Signature VISA, Nordstrom retail credit and debit cards, interest-bearing checking accounts, check cards, and certificates of deposits. It offers Nordstrom customers cards under Nordstrom Rewards – its customer loyalty program – where customers earn points when making purchases with the card at Nordstrom and other retailers. In 1995, Nordstrom opened their first store location in New York State. It is located at The Westchester, an upscale shopping mall in White Plains, New York, a suburb of New York City. Nordstrom has since opened stores at Roosevelt Field in Garden City, New York in 1997, and Manhattan in 2019. Beginning in 1995, the fourth generation of brothers and cousins had been co-presidents for a time. John Whitacre was appointed as the first non-Nordstrom CEO in 1997. In 1998, Nordstrom replaced its downtown Seattle store with a new flagship location in the former Frederick & Nelson building across the street. A two-year renovation of this location was completed in 2016. At 383,000 square feet (35,600 m2), the downtown Seat.... Discover the Erik Racker popular books. Find the top 100 most popular Erik Racker books.