Nordstrom Investor Day to Discuss Customer Strategy and Drivers of Value Creation

Nordstrom, Inc. (NYSE: JWN) today will discuss at its Investor Day its
ambition to be the best fashion retailer in a digital world. Objectives
for this event include outlining Nordstrom’s local market strategy;
evolution of its economic model, including long-term financial targets
and drivers for improving profitability; and its capital allocation
strategy to deliver increased shareholder value.

Today’s conference will begin at 8:30 a.m. PDT (11:30 a.m., EDT) and
will be available in its entirety through a live webcast and replay at investor.nordstrom.com
in the Webcasts and Presentations section. Presenters include Nordstrom
Co-Presidents Blake, Pete and Erik Nordstrom; Chief Financial Officer
Anne Bramman; and Chief Digital Officer and President of Nordstrom.com
Ken Worzel.

Continuing to Lead the Future of Retail

Nordstrom’s customer strategy is centered on three strategic pillars:
providing a compelling product offering, delivering outstanding services
and experiences and leveraging the strength of the Nordstrom brand.

Targeting Higher Returns to Shareholders

The Company will also address its approach to increasing shareholder
value through the execution of three key strategic objectives:

FISCAL YEAR 2018 OUTLOOK

The Company reaffirmed its annual outlook expectations for earnings per
diluted share. Nordstrom’s current expectations for fiscal 2018 are as
follows:

LONG-TERM FINANCIAL TARGETS

Nordstrom has set the following financial targets through fiscal 2022:

This release includes non-GAAP financial measures, which should be used
in addition to and in conjunction with results presented in accordance
with GAAP, and should not be relied upon to the exclusion of GAAP
financial measures. Free Cash Flow and Adjusted Return on Invested
Capital are measures of performance which meet the definition of a
non-GAAP financial measure. Reconciliations of these measures to the
most directly comparable GAAP measures are found on our investor
relations site at www.investor.nordstrom.com.

ABOUT NORDSTROM

Nordstrom, Inc. is a leading fashion retailer based in the U.S. Founded
in 1901 as a shoe store in Seattle, today Nordstrom operates 373 stores
in 40 states, including 122 full-line stores in the United States,
Canada and Puerto Rico; 239 Nordstrom Rack stores; two Jeffrey
boutiques; two clearance stores; seven Trunk Club clubhouses; and its
Nordstrom Local service concept. Additionally, customers are served
online through Nordstrom.com, Nordstromrack.com, HauteLook, and
TrunkClub.com. Nordstrom, Inc.’s common stock is publicly traded on the
NYSE under the symbol JWN.

Certain statements in this news release contain or may suggest
“forward-looking” information (as defined in the Private Securities
Litigation Reform Act of 1995) that involve risks and uncertainties
including, but not limited to, our anticipated financial outlook for the
fiscal year ending February 2, 2019 and our financial targets through
fiscal year ending January 28, 2023, our anticipated annual total and
comparable sales rates, our anticipated new store openings in existing,
new and international markets, our anticipated Adjusted Return on
Invested Capital and trends in our operations. Such statements are based
upon the current beliefs and expectations of our management and are
subject to significant risks and uncertainties. Our actual future
results may differ materially from historical results or current
expectations depending upon factors including, but not limited to:
successful execution of our customer strategy to provide a
differentiated and seamless experience across all Nordstrom channels;
timely and effective implementation of our plans to evolve our business
model, including development of applications for electronic devices,
improvement of customer-facing technology, timely delivery of products
purchased digitally, enhancement of inventory management systems,
greater and more fluid inventory availability between our digital
channels and retail store locations, and greater consistency in
marketing and pricing strategies, as well as our ability to manage the
costs associated with this evolving business model; our ability to
evolve our business model as necessary to respond to the business and
retail environment, as well as fashion trends and consumer preferences,
including changing expectations of service and experience in stores and
online; our ability to properly balance our investments in existing and
new store locations, especially our investments in our Nordstrom Men’s
Store NYC and Nordstrom NYC and our Los Angeles market integration;
successful execution of our information technology strategy; our ability
to effectively utilize data in strategic planning and decision making;
timely completion of construction associated with newly planned stores,
relocations and remodels, all of which may be impacted by the financial
health of third parties and consumer traffic to the locations; efficient
and proper allocation of our capital resources; effective inventory
management processes and systems, fulfillment and supply chain processes
and systems, disruptions in our supply chain and our ability to control
costs; the impact of any systems or network failures, cybersecurity
and/or security breaches, including any security breach of our systems
or those of a third-party provider that results in the theft, transfer
or unauthorized disclosure of customer, employee or Company information
or compliance with information security and privacy laws and regulations
in the event of such an incident; our ability to safeguard our
reputation and maintain our vendor relationships; our ability to
maintain relationships with and motivate our employees and to
effectively attract, develop and retain our future leaders; our ability
to realize the expected benefits, respond to potential risks and
appropriately manage costs associated with our program agreement with
TD; the effectiveness of planned advertising, marketing and promotional
campaigns in the highly competitive and promotional retail industry;
market fluctuations, increases in operating costs, exit costs and
overall liabilities and losses associated with owning and leasing real
estate; potential goodwill impairment charges, future impairment charges
and fluctuations in the fair values of reporting units or of assets in
the event projected financial results are not achieved within expected
time frames; compliance with debt and operating covenants, availability
and cost of credit, changes in our credit rating and changes in interest
rates; the timing, price, manner and amounts of future share repurchases
by the Company, if any, or any share issuances by the Company; the
impact of the seasonal nature of our business and cyclical customer
spending; the impact of economic and market conditions and the resultant
impact on consumer spending and credit patterns; the impact of economic,
environmental or political conditions in the U.S. and countries where
our third-party vendors operate; weather conditions, natural disasters,
health hazards, national security or other market and supply chain
disruptions, including the effect of tariffs, or the prospects of these
events and the resulting impact on consumer spending patterns or
information technology systems and communications; our compliance with
applicable domestic and international laws, regulations and ethical
standards, including those related to employment and tax, and the
outcome of claims and litigation and resolution of such matters; the
impact of the current regulatory environment and financial system,
health care, and tax reforms; and the impact of changes in accounting
rules and regulations, changes in our interpretation of the rules or
regulations, or changes in underlying assumptions, estimates or
judgments. Our SEC reports, including our Form 10-K for the fiscal year
ended February 3, 2018, and our Form 10-Q for the fiscal quarter ended
May 5, 2018, contain other information on these and other factors that
could affect our financial results and cause actual results to differ
materially from any forward-looking information we may provide. The
Company undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events, new information or future
circumstances, except as required by law.

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