This paper is based on the 2003 annual report for Nordstrom. This paper also performs profitability and minor ratio analysis to determined the risk that this company could pass on to its investors in the event that something negative would occur.
From the Paper:
"Most do not envision when they are in a Nordstrom store, shopping on its website or browsing through a catalog that the beginnings of this multi-billion dollar empire, were not only humble ones, but also ones which were poverty stricken to say the least. It all began in 1887 when Swedish born immigrant, John W. Nordstrom migrated to the United States to live and pursue the American dream ("Company History", 2005). Amazingly enough it would only take him 14 years before he would become part owner to what would eventually become the Nordstrom of today. However in 1901 it was called "Wallin & Nordstrom" and was located in Seattle Washington, when it opened its doors to only sell shoes."
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