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Nation's leading fashion specialty
retailers Nordstrom Inc announced that Company’s Board
of Directors has approved a two-for-one stock split of
its outstanding common stock and a proportional increase
in the number of Nordstrom common shares authorized from
500 million to 1 billion.
Additional shares issued as a result
of the stock split will be distributed on or about June
30, 2005 to shareholders of record as of June 13, 2005.
This marks the seventh stock split in the company's history.
"The company remains committed to
building long-term value for shareholders and the decision
to split the stock reflects our confidence in the company's
future opportunities," said Bruce Nordstrom, Chairman
of Nordstrom, Inc.
Nordstrom Inc is one of the nation's
leading fashion specialty retailers, with 151 US stores
located in 27 states. Founded in 1901 as a shoe store
in Seattle, Nordstrom today operates 95 full-line stores,
49 Nordstrom Racks, five U.S. Faconnable boutiques, one
freestanding shoe store, and one clearance store. Nordstrom
also operates 32 international Faconnable boutiques, primarily
in Europe.
Additionally, Nordstrom Direct serves
customers through its online presence at http://www.nordstrom.com
and through its direct mail catalogs.
Nordstrom Inc
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