text: We considered 2014 a watershed year in our company history, with our successful entry into Canada, continued expansion of our Nordstrom 
  Rack business through store growth, the launch of Nordstromrack.com and the acquisition of Trunk Club. Our performance in 2014 reflected 
  continued progress in executing our customer strategy through investments to drive growth across channels. We achieved total net sales 
  growth of 7.8%, adding nearly $1 billion to our top-line and delivering record sales and earnings per diluted share. Our financial position 
  remains strong and this marked the sixth consecutive year we generated over $1 billion in cash flow from operations. 
  
  Our partnership with vendors and brands enhances our product offering. We offer Topshop merchandise at 53 full-line stores and online, with 
  plans to reach over 80 stores in 2015. Our new partnership with Madewell in 2015, initially available at 15 of our stores and online, is another 
  way to provide sought-after brands that appeal to new and existing customers. 
  
  In 2014, we opened our first full-line store in Canada in Calgary, Alberta, reflecting a multi-year effort from our team to address the unique 
  challenges of crossing the border. With our store outperforming our expectations, we are encouraged with our customers’ response in this 
  market. We are looking forward to opening stores in 2015 in Ottawa, Ontario and Vancouver, British Columbia. In the U.S. we increased our 
  presence with two full-line stores in The Woodlands, Texas and Jacksonville, Florida. In 2015, we plan to open three full-line stores in Puerto 
  Rico, Minneapolis, Minnesota and Milwaukee, Wisconsin. 