text: **Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.**
  Dollar, share and square footage amounts in millions except percentages, per share and per square foot amounts 
  
  **OVERVIEW**
  Nordstrom is a leading fashion specialty retailer offering apparel, shoes, cosmetics and accessories for women, men and children. We offer 
  an extensive selection of high-quality brand-name and private label merchandise through our various channels: “Nordstrom” branded full-line 
  stores and online store at Nordstrom.com, Nordstrom Rack stores, Nordstromrack.com and HauteLook and other retail channels, including 
  Trunk Club showrooms and TrunkClub.com, our Jeffrey boutiques and our clearance store that operates under the name “Last Chance.” As 
  of January 31, 2015, our stores are located in 38 states throughout the United States and in one province in Canada. In addition, we offer our 
  customers a Nordstrom Rewards™ loyalty program along with a variety of payment products and services, including credit and debit cards. 
  
  We continue to see the ongoing evolution of retail, with increasing customer interaction between our stores and ecommerce. We are making 
  progress to meet customer expectations of a personalized experience that merges the richness of stores with the convenience of online. 
  Because the customer views us simply as Nordstrom, we believe there is tremendous value in strengthening our platform for the customer 
  experience that encompasses full-price, off-price, in-store and online. While each channel represents a substantial growth opportunity, there 
  are significant synergies across channels to create a unique customer experience to gain market share. 