Attached files
Exhibit 99.1
NORDSTROM COMPLETES ACQUISITION OF HAUTELOOK
SEATTLE (March 23, 2011) - Seattle-based Nordstrom, Inc. (NYSE: JWN) announced
today the closing on March 23, 2011 of its acquisition of HauteLook, Inc., a
leader in the online private sale marketplace. The Company previously
announced its proposed acquisition of HauteLook by press release on February
17, 2011.
The acquisition will enable Nordstrom to participate in the fast-growing
private sale marketplace and provide a platform to increase innovation and
speed in the way it serves customers in all channels.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers,
with 207 stores located in 28 states. Founded in 1901 as a shoe store in
Seattle, today Nordstrom operates 115 full-line stores, 89 Nordstrom Racks,
two Jeffrey boutiques and one clearance store. Nordstrom serves customers
through its online presence at Nordstrom.com and through its catalogs.
Nordstrom also operates in the online private sale marketplace through its
subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the
NYSE under the symbol JWN.
Certain statements in this news release may contain or suggest "forward-
looking" information (as defined in the Private Securities Litigation Reform
Act of 1995). Such statements are based upon the current beliefs and
expectations of the Company's management. Actual future results and events in
future periods may differ materially from those expressed or implied by these
forward-looking statements because of a number of risks, uncertainties and
other factors. Risks and uncertainties include the possibility that the
Company is unable to successfully implement the plans, strategies and
objectives of management for post-acquisition operations and other risks that
are described in the Company's Securities and Exchange Commission filings.
Nordstrom undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events, new information or future
circumstances.
Investor Contact: Media Contact:
Sandy Fabre Colin Johnson
Nordstrom Nordstrom
206-233-6563 206-373-3036