Nordstrom Board of Directors Approves Quarterly Dividend of $0.10 per Share

SEATTLE, Aug 20, 2002 /PRNewswire-FirstCall via COMTEX/ -- Nordstrom, Inc. (NYSE: JWN) announced today that its Board of Directors approved a quarterly dividend of $0.10 per share, an increase of $0.01 per share from prior quarters, payable on September 16, 2002, to shareholders of record on August 31, 2002.

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Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 137 US stores located in 26 states. Founded in 1901 as a shoe store in Seattle, Nordstrom today operates 83 full-line stores, 48 Nordstrom Racks, four Faconnable boutiques, one free-standing shoe store, and one clearance store. Nordstrom also operates 23 international Faconnable boutiques, primarily in Europe. Additionally, Nordstrom Direct serves customers through its online presence at and through its direct mail catalogs.

               MEDIA CONTACT:
               Shasha Richardson
               Nordstrom, Inc.

               INVESTOR CONTACT:
               Stephanie Allen
               Nordstrom, Inc.

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SOURCE Nordstrom, Inc.

CONTACT:          media, Shasha Richardson, +1-206-373-3038, or investors,
                  Stephanie Allen, +1-206-303-3262, both of Nordstrom, Inc.
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                  PRN Photo Desk, 1-888-776-6555 or +1-212-782-2840

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