Nordstrom, Inc.is a fashion specialty retailer that offers a selection of apparel, shoes, cosmetics and accessories for women, men and children. As of October 31, 2008, the Company operated 166 stores located in 28 states in the United States, which includes 107 full line stores, 54 Nordstrom Racks, two Jeffrey boutiques, and two clearance stores. Nordstrom, Inc. offers a selection of brand name and private label merchandise. The Company offers its products through multiple channels, including full line Nordstrom stores, discount Nordstrom Rack stores, Jeffrey boutiques, catalogs and on the Internet at www.nordstrom.com. In addition, it offers its customers a variety of payment products and services, including its loyalty program. Its stores are located throughout the United States and the Company has 37 Faconnable boutiques located in France, Portugal, and Belgium. Nordstrom, Inc. operates in four business segments: Retail Stores, Credit, Direct and Other.