Nordstrom 2006 Annual Report Download - page 29

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Nordstrom, Inc. and subsidiaries 11
REPURCHASES
(Dollars in millions except per share amounts)
A summary of our fourth quarter share repurchases are as follows:
Period
Total Number of
Shares (or Units)
Purchased
Average
Price Paid
Per Share
(or Unit)
Total Number of Shares
(or Units) Purchased as
Part of Publicly Announced
Plans or Programs
Maximum Number (or Approximate Dollar
Value) of Shares (or Units) that May Yet Be
Purchased Under the Plans or Programs2
Nov. 2006 (10/29/06 to 11/25/06)
—
—
—
$617.4
Dec. 2006 (11/26/06 to 12/30/06)
530,4001
$49.09
529,800
$591.4
Jan. 2007 (12/31/06 to 2/3/07)
—
—
—
$591.4
Total
530,400
$49.09
529,800
1Included in this balance are 600 shares that were not redeemed as part of a publicly announced repurchase plan or program. These shares were tendered by an employee to
Nordstrom for tax withholding purposes.
2In May 2006, our Board of Directors authorized a $1,000.0 share repurchase program. The prior $500.0 repurchase program, which was started in February 2005, was completed
during the first quarter of 2006. During 2006, we purchased 5,422,362 shares of our common stock for an aggregate purchase price of $212.9 (an average price per share of
$39.27) under the prior repurchase program. We purchased 11,122,977 shares of our common stock for an aggregate purchase price of $408.6 (an average price per share of
$36.74) under the current repurchase program. As of February 3, 2007 the unused authorization was $591.4. The actual amount and timing of future share repurchases will be
subject to market conditions and applicable SEC rules.
STOCK PRICE PERFORMANCE
The following graph compares, for each of the last five fiscal years, ending February 3, 2007, the cumulative total return of Nordstrom, Inc. common
stock, Standard & Poor’s 500 Index and Standard & Poor’s Retail Index. The Retail Index is comprised of 38 retail companies, including the Company,
representing a sector of the Standard & Poor’s 500 Index. The cumulative total return of Nordstrom, Inc. common stock assumes $100 invested on
January 31, 2002 in Nordstrom, Inc. common stock and assumes reinvestment of dividends.
End of fiscal year:
2001
2002
2003
2004
2005
2006
Standard & Poor’s 500 Index
100
76
100
104
114
128
Standard & Poor’s Retail Index
100
71
105
119
129
147
Nordstrom, Inc. common stock
100
73
161
197
354
479