Nordstrom

Nordstrom is a privately owned company headquartered in US Virgin Islands. Founded in 1901, the company operates with an estimated 44,940 employees and reported $15.0B in revenue as of 2024. The company specializes in physical retail, functioning as an American luxury department store chain. The original store, founded by John W. Nordstrom and Carl F. Wallin, operated exclusively as a shoe store, with a second location opening in 1923. The growing chain began selling clothing in 1963, evolving into a full-line retailer by 1971. In 1973, the company founded its off-price Nordstrom Rack division, subsequently expanding both its full-line and off-price divisions across the United States. Its full-line division competes with department stores including Bloomingdale's, Macy's, Neiman Marcus, and Saks Fifth Avenue, while the off-price division competes with retailers such as the TJX Companies and Ross Stores. Previous expansions beyond the contiguous United States included operations in Puerto Rico (2015–2020) and Canada (2014–2023).