Nordstrom, Inc. is a fashion specialty retailer that offers a selection of apparel, shoes, cosmetics and accessories for women, men and children. As of March 20, 2009, the Company operated 171 stores located in 28 states in the United States. It includes 109 Nordstrom full line stores, 58 Nordstrom Rack stores, two clearance stores that operate under the name Last Chance, and two Jeffrey boutiques. Nordstrom, Inc. offers a selection of brand name and private-label merchandise. The Company offers its products through multiple retail channels, including its Full-Line Nordstrom stores, its discount Nordstrom Rack stores, its catalogs and on the Internet at www.nordstrom.com. Its stores are located throughout the United States. In addition, the Company offers its customers a variety of payment products and services, including its loyalty program. Nordstrom, Inc. operates in four business segments: Retail Stores, Direct, Credit, and Other.