1,350 1,3231,249
1,118
1,345
’10 ’11 ’12 ’13 ’14
EARNINGS  
BEFORE INTEREST AND  
INCOME TAXES /parenleft.caseEBIT/parenright.case /parenleft.case$/parenright.case 
493
413
372 394
417
470431
397
474
408
’10 ’11 ’12 ’13 ’14
COMPARABLE SALES PERCENTAGE INCREASE
’10 ’11 ’12 ’13 ’14
8.1 7.2 7.3 2.5 4.0
SALES PER SQUARE FOOT  
AND 4/hyphen.caseWALL SALES  
PER SQUARE FOOT /parenleft.case$/parenright.case*
4-Wall Sales Per Square Foot
Sales Per Square Foot
1,220
1,320
1,1771,177 1,110
’10 ’11 ’12 ’13 ’14
CASH FLOW  
FROM OPERATIONS /parenleft.case$/parenright.case
’10 ’11 ’12 ’13 ’14
12.6
8.1
13.6
8.7
13.313.6
8.6 8.7
13.9
8.9
RETURN ON ASSETS  
AND RETURN ON INVESTED  
CAPITAL /parenleft.caseROIC/parenright.case /parenleft.case%/parenright.case***
Return on Assets 
Return on Invested Capital
FISCAL YEAR 2014 2013 % CHANGE
Net sales $13,110 $12,166 7.8
Earnings before interest and income taxes (EBIT)  1,323 1,350 (2.0)
Net earnings 720 734 (1.9)
Earnings per diluted share 3.72 3.71 0.3
Cash dividends paid per share 1.32 1.20 10.0
SCORECARD  A LOOK AT THE NUMBERS
13,110
11,762
10,497
9,310
12,166
’10 ’11 ’12 ’13 ’14
NET SALES /parenleft.case$/parenright.case
’10 ’11 ’12 ’13 ’14
NET SALES PERCENTAGE INCREASE
12.7 12.7 12.1 3.4 7.8
4.67
5.07
5.565.56
5.37
’10 ’11 ’12 ’13 ’14
INVENTORY TURN**
*4-wall sales per square foot is calculated as sales for Nordstrom U.S. full-line stores, Nordstrom Rack stores, Jeﬀrey boutiques,  
our Canada full-line store, Last Chance and Trunk Club showrooms divided by their weighted-average square footage. 
**Inventory Turn is calculated as annual cost of sales and related buying and occupancy costs (for all segments) divided by 4-quarter average inventory. Our inventory turnover rate  
decreased in 2012, 2013 and 2014 primarily due to increasing our investment in pack and hold inventory beginning in 2012, which helped fuel the growth of Nordstrom Rack.
***See Return on Invested Capital (ROIC) Non-GAAP ﬁnancial measure on page 26 for additional information and reconciliation to the most directly comparable GAAP ﬁnancial measure.
nordstrom.com/companyreview
Dollars in millions except per share and per square foot amounts.
21008 /hyphen.case 037404A 2014 ANNUAL REPORT /hyphen.case      pg  IFC/hyphen.caseIBC
8.375 X 10.875 /hyphen.case PDF X1A /hyphen.case KODAK