Fashion Retailer Nordstrom BOD approves two-for-one stock split

25 May '05

1 min read

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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