Nordstrom Announces 144 Filing
26 Novembre 2003 - 12:15PM
PR Newswire (US)
Nordstrom Announces 144 Filing SEATTLE, Nov. 26
/PRNewswire-FirstCall/ -- Nordstrom, Inc. announced today that it
has been informed that the Elmer and Katharine Nordstrom Family
Interests, Limited Partnership is filing a Rule 144 notice with the
Securities and Exchange Commission stating its intention to sell up
to 5.4 million shares of Nordstrom, Inc. common stock. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO ) The
Partnership owns 8,216,552 or approximately 6% of Nordstrom's
outstanding shares and is proposing to sell an additional portion
of its holdings in order to diversify its financial assets. John N.
Nordstrom, a director of Nordstrom, Inc., and James F. Nordstrom,
Jr., corporate merchandise manager, Children's Shoes are the only
partners of the Partnership who are active in the operation of
Nordstrom, Inc. The Partnership has an additional 20 members of the
extended Nordstrom family. Nordstrom family members Bruce
Nordstrom, chairman of the board, Nordstrom, Inc., Blake Nordstrom,
president, Nordstrom, Inc., Peter Nordstrom, president, full-line
stores and Erik Nordstrom, executive vice president, full-line
stores are not partners in this Partnership. "As we've stated
before, we want to be clear that this action by the Partnership is
an independent decision driven simply by the Partnership's desire
to diversify its financial assets," said Bruce Nordstrom, chairman,
Nordstrom, Inc. "The Nordstrom, Inc. management team is completely
committed to the future success of Nordstrom, Inc. We are
encouraged by the progress we continue to make and by the positive
response from our customers." About Nordstrom: Nordstrom, Inc. is
one of the nation's leading fashion specialty retailers, with 148
US stores located in 27 states. Founded in 1901 as a shoe store in
Seattle, today Nordstrom operates 92 full-line stores, 49 Nordstrom
Racks, five Faconnable boutiques, one free-standing shoe store, and
one clearance store. Nordstrom also operates 31 international
Faconnable boutiques, primarily in Europe. Additionally, Nordstrom
serves customers through its online presence at
http://www.nordstrom.com/ and through its direct mail catalogs.
Nordstrom, Inc. is publicly traded on the NYSE under the symbol
JWN. CONTACT: investors, Stephanie Allen, +1-206-303-3262, or
media, Shasha Richardson, +1-206-373-3038, or cell,
+1-206-423-2266, both of Nordstrom, Inc.
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO
http://photoarchive.ap.org/ DATASOURCE: Nordstrom, Inc. CONTACT:
investors, Stephanie Allen, +1-206-303-3262, or media, Shasha
Richardson, +1-206-373-3038, or cell, +1-206-423-2266, both of
Nordstrom, Inc. Web site: http://www.nordstrom.com/
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