Nordstrom 2004 Annual Report Download - page 3

spresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operat
ent manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise mana
erchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchand
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vent planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoesh
kincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson ta
tions store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar baris
orporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager caf
erver chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divi
handise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson
ersonal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web desi
eeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beau
spresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager oper
ent manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise mana
erchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandi
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alet skincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperso
terations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar b
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merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockpe
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epartment manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise
egional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual m
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alet skincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salespers
lterations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar
uyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manag
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onal merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge sto
ano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event plan
esigner housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare
eauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations stor
perator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate me
anager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server che
erchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandis
esigner creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player person
hoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper
ailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso
arista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator departme
afé nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional m
visional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge
iano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event pla
esigner housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare
eauty director espresso bar barista buyer corporate merchandise manager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store
perator department manager café nordstrom server chef visual merchandiser concierge stockperson piano player personal shopper shoeshine valet skincare specialist beauty director espresso bar barista buyer corporate me
anager regional merchandiser divisional merchandise manager designer creator event planner web designer housekeeper salesperson tailor alterations store manager operator department manager café nordstrom server che
Financial Highlights:
Our continuous progress in delivering a quality
shopping experience to our customers is resulting
in increasing value to our shareholders. We’re
proud to share our results with you. Overall, 2004
was the best year in our company’s history.
oursco
Sales per Square Foot and
Same-store Sales Percentage Change
$341
1.4%
4.1%
8.5%
$319 $317
$325
$347
Gross Profit as a Percentage of Sales
2000 2001 2002 2003 2004 2000 2001 2002 2003 2004 2000 2001 2002 2003 2004
31.2%
30.3% 30.0% 29.4%
28.3%
32.9%
33.2%
34.6%
36.1%
SG&A Expense as a Percentage of Sales
0.3%
-2.9%
33.6%
3
recard
2000 2001 2002 2003 2004 2000 2001 2002 2003 2004 2000 2001 2002 2003 2004
Inventory Turn
(cost of sales and related buying and
occupancy divided by average inventory)
3.81
3.73
3.85
4.10
4.51
Cash Flow from Operations
in millions
$210.4
$488.5
$390.5
$599.3
Earnings before Income Taxes
and Cumulative Effect of Accounting
Change as a Percentage of Sales
3.0%
3.6% 3.3%
6.2%
9.1% $606.3
Dollars in thousands except per share amounts
Fiscal Year 2004 2003 % Change
Net sales $7,131,388 $6,448,678 10.6%
Earnings before income taxes 647,281 398,141 62.6
Net earnings 393,450 242,841 62.0
Basic earnings per share 2.82 1.78 58.4
Diluted earnings per share 2.77 1.76 57.4
Cash dividends paid per share 0.48 0.41 17.1