text: We are continuing our plan to accelerate the number of new Nordstrom Rack store openings. New store openings both at the Rack and in 
  our full-line stores involve certain risks, including the availability of suitable locations, constructing, furnishing and supplying a store in a timely 
  and cost-effective manner and properly balancing our capital investments between new stores, remodels, technology and ecommerce. In 
  addition, we may not accurately assess the demographic or retail environment for a particular location and sales at new, relocated or 
  remodeled stores may not meet our projections, particularly in light of the changing trends between online and brick-and-mortar shopping 
  channels, which could adversely affect our return on investment. We also intend to open stores in new and international markets, such as 
  Canada, Puerto Rico and Manhattan, and expansion will require additional management attention and resources and may distract us from 
  executing our core operations. In addition, competition from strong local competitors, compliance with foreign and local laws and regulatory 
  requirements and potentially unfavorable tax consequences may cause our business to be adversely impacted. 
  
  As we execute our plans and continue to evolve and transform our strategy, we may not adequately manage the related organizational 
  changes to align with our strategy or appropriately monitor, report or communicate the changes in an effective manner. In addition, we may 
  not gather accurate and relevant data or effectively utilize that data, which may impact our strategic planning and decision making. 