Nordstrom Inc 4.25% 2031/08

Nordstrom, Inc. is an American upmarket department store chain headquartered in Seattle, Washington, and founded by John W. Nordstrom and Carl F. Wallin in 1901. The original store operated exclusively as a shoe store, and a second location opened in 1923. The growing chain began selling clothing in 1963, and became the 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, Dillard's, Neiman Marcus, and Saks Fifth Avenue, while the off-price division competes with retailers including TJX and Ross Stores. Previous expansions beyond the contiguous United States include Puerto Rico (2015–2020) and Canada (2014–2023).