Nordstrom 2010 Annual Report Download - page 13

Nordstrom, Inc. and subsidiaries 5
EMPLOYEES
During 2010, we employed approximately 52,000 employees on a full- or part-time basis. Due to the seasonal nature of our business, employment
increased to approximately 55,000 employees in July 2010 and 54,000 in December 2010. Substantially all of our employees are non-union. We believe
our relationship with our employees is good.
CAUTIONARY STATEMENT
Certain statements in this Annual Report on Form 10-K contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation
Reform Act of 1995) that involve risks and uncertainties, including, but not limited to, anticipated financial results (including, but not limited to, our
anticipated same-store sales results, credit card revenues, gross profit rate, selling, general and administrative expenses, net interest expense, effective
tax rate, earnings per share and operating cash flows), anticipated store openings, capital expenditures, dividend payout and trends in our operations. Such
statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties.
Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: the impact of
economic and market conditions and the resultant impact on consumer spending patterns; our ability to maintain our relationships with vendors; our ability
to respond to the business environment, consumer preferences and fashion trends; effective inventory management; successful execution of our growth
strategy, including possible expansion into new markets, technological investments, acquisitions and the timely completion of construction associated with
newly planned stores, relocations and remodels, which may be impacted by the financial health of third parties; our ability to maintain relationships with
our employees and to effectively train and develop our future leaders; successful execution of our multi-channel strategy; our compliance with applicable
banking and related laws and regulations impacting our ability to extend credit to our customers; impact of the current regulatory environment and
financial system and health care reforms; our compliance with information security and privacy laws and regulations, employment laws and regulations
and other laws and regulations applicable to us; trends in personal bankruptcies and bad debt write-offs; changes in interest rates; efficient and proper
allocation of our capital resources; availability and cost of credit; our ability to safeguard our brand and reputation; successful execution of our information
technology strategy; disruptions in our supply chain; the geographic locations of our stores; public health concerns and the resulting impact on consumer
spending patterns, supply chain and employee health; weather conditions and hazards of nature that affect consumer traffic and consumers’ purchasing
patterns; the effectiveness of planned advertising, marketing and promotional campaigns; our ability to control costs; and the timing and amounts of share
repurchases by the company, if any, or any share issuances by the company, including issuances associated with option exercises or other matters. These
and other factors could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. We
undertake no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
SEC FILINGS
We file annual, quarterly and current reports, proxy statements and other documents with the Securities and Exchange Commission (“SEC”). All material we
file with the SEC is publicly available at the SEC’s Public Reference Room at 100 F Street NE, Room 1580, Washington, DC 20549. You may obtain information
on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. In addition, the SEC maintains a website at www.sec.gov that contains
reports, proxy and information statements and other information regarding issuers that file electronically with the SEC.
WEBSITE ACCESS
Our website address is www.nordstrom.com. We make available free of charge on or through our website our annual and quarterly reports on Form
10-K and 10-Q (including related filings in XBRL format), current reports on Form 8-K, statements of changes in beneficial ownership of securities on
Form 4 and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 as soon as
reasonably practicable after we electronically file the report with or furnish it to the SEC. Interested parties may also access a webcast of quarterly
earnings conference calls and other financial events through our website.
CORPORATE GOVERNANCE
We have a long-standing commitment to upholding a high level of ethical standards. In addition, as required by the listing standards of the New
York Stock Exchange (“NYSE”) and the rules of the SEC, we have adopted Codes of Business Conduct and Ethics for our employees, officers and
directors (“Codes of Ethics”) and Corporate Governance Guidelines. We have posted on our website our Codes of Ethics, our Corporate Governance
Guidelines and our Committee Charters for the Audit, Compensation, Corporate Governance and Nominating, and Finance Committees.
These items are also available in print to any person, without charge, upon request to:
Nordstrom Investor Relations
P.O. Box 2737
Seattle, Washington 98111-2737
[phone]
[email protected]