In 1901, J.W. Nordstrom and Carl Wallin founded and named a shoe store in Seattle called Wallin and Nordstrom. For the first half of the century, Wallin & Nordstrom exclusively sold shoes, and the second Nordstrom store opened in 1923. The first Nordstrom Rack was opened in Seattle which is where the company's current headquarters is located. In 1963 the name of the company was changed to Nordstrom's Best. Nordstrom went public in 1971. Currently, the fourth Nordstrom family generation is running the company. Blake Nordstrom is the President of Nordstrom, Inc, Pete Nordstrom is currently the president of Merchandise, Erik Nordstrom is the President of the stores, and Jamie, who is a cousin, oversees the Nordstrom.com sector of the company. With over 157 stores located in 28 states, Nordstrom, Inc is one of the United State's leading fashion specialty retailers. Nordstrom operates 101 full-line stores, 51 Nordstrom Racks, two Jeffery boutiques, on freestanding shoe store and two clearance stores. Nordstrom plans on opening 6 new full line stores in 2009 as well as two new Rack ......

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