<PAGE>





                   SECURITIES AND EXCHANGE COMMISSION

                          Washington, DC 20549



[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES 
    EXCHANGE ACT OF 1934

For the quarterly period ended April 30, 1996

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
    EXCHANGE ACT OF 1934

For the transition period from _______ to _______
                    Commission File Number 0-6074

                         Nordstrom, Inc.
       ______________________________________________________
       (Exact name of Registrant as specified in its charter)

              Washington                             91-0515058
      _______________________________            ___________________
      (State or other jurisdiction of              (IRS Employer
      incorporation or organization)              Identification No.)

             1501 Fifth Avenue, Seattle, Washington  98101
         ____________________________________________________
         (Address of principal executive offices)  (Zip code)

Registrant's telephone number, including area code: (206) 628-2111


     Indicate by check mark whether the Registrant (1) has filed all 
reports required to be filed by Section 13 or 15(d) of the Securities 
Exchange Act of 1934 during the preceding 12 months (or for such shorter 
period that the Registrant was required to file such reports), and (2) 
has been subject to such filing requirements for the past 90 days.


                          YES   X       NO
                              _____        _____

Common stock outstanding as of May 27, 1996:  81,363,043 shares of 
common stock.











                                 1 of 8

<PAGE>





                     NORDSTROM, INC. AND SUBSIDIARIES
                     --------------------------------
                                 INDEX
                                 -----

<TABLE>
<CAPTION>
                                                                   Page
                                                                  Number
<S>                                                               <C>

PART I.  FINANCIAL INFORMATION


    Item 1.  Financial Statements (unaudited)

        Consolidated Statements of Earnings
           Three months ended April 30, 1996
           and 1995                                                  3

        Consolidated Balance Sheets
           April 30, 1996 and 1995 and 
           January 31, 1996                                          4

        Consolidated Statements of Cash Flows
           Three months ended April 30, 1996
           and 1995                                                  5

        Notes to Consolidated Financial Statements                   6


    Item 2.  Management's Discussion and Analysis of Financial
             Condition and Results of Operations                     7


PART II.  OTHER INFORMATION


    Item 1.  Legal Proceedings                                       8


    Item 6.  Exhibits and Reports on Form 8-K                        8
</TABLE>























                                 2 of 8

<PAGE>





                     NORDSTROM, INC. AND SUBSIDIARIES
                   CONSOLIDATED STATEMENTS OF EARNINGS
             (dollars in thousands except per share amounts)
                              (unaudited)

<TABLE>
<CAPTION>
                                                   Three Months
                                                  Ended April 30,
                                                -------------------
                                                  1996       1995 
                                                --------   --------
<S>                                             <C>        <C>
Net sales                                       $905,962   $815,598

Costs and expenses:
  Cost of sales and related buying
    and occupancy                                617,112    553,753
  Selling, general and administrative            268,787    239,771
  Interest, net                                    9,394      7,673
  Service charge income and other, net           (34,580)   (31,276)
                                                --------   --------
  Total costs and expenses                       860,713    769,921
                                                --------   --------

Earnings before income taxes
  and extraordinary item                          45,249     45,677
Income taxes                                      17,900     18,000
                                                --------   --------
Earnings before extraordinary item                27,349     27,677
Extraordinary charge related to the
  early extinguishment of debt, net
  of income taxes of $900                          1,452        ---
                                                --------   --------
Net earnings                                    $ 25,897   $ 27,677
                                                ========   ========
Earnings before extraordinary item
  per average share of common stock
  outstanding                                   $    .34   $    .34
                                                ========   ========
Net earnings per average share of
  common stock outstanding                      $    .32   $    .34
                                                ========   ========
Cash dividends paid per share of
  common stock outstanding                      $   .125   $   .125
                                                ========   ========
<FN>
These statements should be read in conjunction with the Notes to 
Consolidated Financial Statements contained herein and in the Nordstrom 
1995 Annual Report to Shareholders.
</TABLE>










                                 3 of 8

<PAGE>




                     NORDSTROM, INC. AND SUBSIDIARIES
                        CONSOLIDATED BALANCE SHEETS
                          (dollars in thousands)
                               (unaudited)

<TABLE>
<CAPTION>
                                    April 30,   January 31,   April 30,
                                      1996         1996         1995
                                   ----------   ----------   ----------
<S>                                <C>          <C>          <C>
ASSETS
Current Assets:
  Cash and cash equivalents        $   33,426   $   24,517   $   68,744
  Accounts receivable, net            864,137      893,927      666,901
  Merchandise inventories             731,647      626,303      692,652
  Prepaid income taxes and other       67,759       68,029       59,952
                                   ----------   ----------   ----------
  Total current assets              1,696,969    1,612,776    1,488,249
Property, buildings and 
  equipment, net                    1,109,287    1,103,298    1,001,288
Other assets                           16,943       16,545       15,073
                                   ----------   ----------   ----------
TOTAL ASSETS                       $2,823,199   $2,732,619   $2,504,610
                                   ==========   ==========   ==========

LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
  Notes payable                    $  303,423   $  232,501   $  158,582

  Accounts payable                    356,965      277,584      306,045
  Accrued salaries, wages
    and taxes                         141,304      185,540      132,863
  Accrued expenses                     51,487       47,834       44,105
  Accrued income taxes                 18,282       14,644       17,736
  Current portion
    of long-term debt                  74,210       74,210       65,967
                                   ----------   ----------   ----------
  Total current liabilities           945,671      832,313      725,298
Long-term debt                        322,440      365,733      339,768
Deferred lease credits and
  other deferred items                111,121      111,601       77,669
Shareholders' Equity:
  Common stock, without par value:
    250,000,000 shares authorized;
    81,256,947, 81,113,144 and
    82,274,034 shares issued 
    and outstanding                   176,596      168,440      164,012
  Retained earnings                 1,267,371    1,254,532    1,197,863
                                   ----------   ----------   ----------
  Total shareholders' equity        1,443,967    1,422,972    1,361,875
                                   ----------   ----------   ----------
TOTAL LIABILITIES AND SHAREHOLDERS'
  EQUITY                           $2,823,199   $2,732,619   $2,504,610
                                   ==========   ==========   ==========
<FN>
These statements should be read in conjunction with the Notes to 
Consolidated Financial Statements contained herein and in the Nordstrom 
1995 Annual Report to Shareholders.
</TABLE>


                                  4 of 8

<PAGE>

                     NORDSTROM, INC. AND SUBSIDIARIES
                   CONSOLIDATED STATEMENTS OF CASH FLOWS
                          (dollars in thousands)
                               (unaudited)

<TABLE>
<CAPTION>
                                                    Three Months
                                                   Ended April 30,
                                                ---------------------
                                                  1996         1995
                                                --------     --------
<S>                                             <C>          <C>
OPERATING ACTIVITIES:
  Earnings before extraordinary item            $ 27,349     $ 27,677
  Adjustments to reconcile earnings
    to net cash provided by (used in)
    operating activities:
  Extraordinary charge related to the
    early extinguishment of debt, net
    of income taxes of $900                       (1,452)         ---
  Depreciation and amortization                   38,080       29,577
      Change in:
        Accounts receivable, net                  29,790        8,990
        Merchandise inventories                 (105,344)     (64,722)
        Prepaid income taxes and other               270        1,443
        Accounts payable                          79,381       32,961
        Accrued salaries, wages and taxes        (44,236)     (57,638)
        Accrued expenses                           3,653        3,115
        Income tax liabilities and other           1,190       (6,253)
        Deferred lease credits                     1,969       14,548
                                                --------     --------
Net cash provided by (used in) operating
  activities                                      30,650      (10,302)
                                                --------     --------
INVESTING ACTIVITIES:
  Additions to property, buildings
    and equipment, net                           (43,548)     (46,541)
  Other                                             (920)        (115)
                                                --------     --------
Net cash used in investing activities            (44,468)     (46,656)
                                                --------     --------
FINANCING ACTIVITIES:
  Increase in notes payable                       70,922       71,194
  Proceeds from issuance of common stock           8,156          678
  Principal payments on long-term debt           (43,293)     (10,175)
  Cash dividends paid                            (10,141)     (10,280)
  Purchase and retirement of common stock         (2,917)         ---
  Proceeds from issuance of long-term debt, net      ---       41,788
                                                --------     --------
Net cash provided by financing activities         22,727       93,205
                                                --------     --------
Net increase in cash and cash equivalents          8,909       36,247
Cash and cash equivalents at 
  beginning of period                             24,517       32,497
                                                --------     --------
Cash and cash equivalents at end of period      $ 33,426     $ 68,744
                                                ========     ========
<FN>
These statements should be read in conjunction with the Notes to 
Consolidated Financial Statements contained herein and in the Nordstrom 
1995 Annual Report to Shareholders.
</TABLE>

                                 5 of 8

<PAGE>



                     NORDSTROM, INC. AND SUBSIDIARIES
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            FOR THE THREE MONTHS ENDED APRIL 30, 1996 AND 1995
                          (dollars in thousands)
                                (unaudited)


Note 1:

The consolidated balance sheets of Nordstrom, Inc. and subsidiaries (the 
"Company") as of April 30, 1996 and 1995, and the related consolidated 
statements of earnings and cash flows for the periods then ended, have
been prepared from the accounts without audit.

The consolidated financial information is applicable to interim periods 
and is not necessarily indicative of the results to be expected for the 
year ending January 31, 1997.

It is not considered necessary to include detailed footnote information 
as of April 30, 1996 and 1995.  The financial information should be read 
in conjunction with the Notes to Consolidated Financial Statements 
contained in the Nordstrom 1995 Annual Report to Shareholders.

In the opinion of management, the consolidated financial information 
includes all adjustments (consisting only of normal, recurring 
adjustments) necessary to present fairly the financial position of 
Nordstrom, Inc. and subsidiaries as of April 30, 1996 and 1995, and the 
results of their operations and cash flows for the periods then ended, 
in accordance with generally accepted accounting principles applied on a 
consistent basis.

Certain reclassifications of prior year balances have been made for
consistent presentation.

Note 2:

During the first quarter of 1996, the Company elected to prepay $43,100
of Nordstrom Credit, Inc. 9.375% sinking debentures in order to take advantage
of lower short-term interest rates.  This resulted in an extraordinary charge
of $1,452, net of applicable income taxes of $900 ($0.02 per share).

Note 3:  The summarized combined results of operations of Nordstrom 
         Credit, Inc. and Nordstrom National Credit Bank are 
         as follows:

<TABLE>
<CAPTION>
Three Months Ended April 30,                     1996       1995
                                               -------    -------
    <S>                                        <C>        <C>
    Total revenue                              $39,212    $29,523
    Earnings before income taxes
      and extraordinary item                    13,531      8,727
    Extraordinary charge related
      to the early extinguishment
      of debt, net of income taxes
      of $900                                    1,452        ---
    Net earnings                                 7,109      5,587
</TABLE>


                                 6 of 8

<PAGE>



                     NORDSTROM, INC. AND SUBSIDIARIES
 
                 MANAGEMENT'S DISCUSSION AND ANALYSIS OF
               FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with the

Management Discussion and Analysis section of the Nordstrom 1995 Annual
Report to Shareholders.

Results of Operations:
- ----------------------
During the first quarter of 1996, sales increased 11.1% when compared
with the same quarter in 1995.  Sales for comparable stores increased 
3.9% during the quarter, with the remainder of the increase coming from
new units.  Comparable store sales results were the strongest they have
been in over a year, most notably in the California market.  The Company,
however, remains cautious with respect to sales projections for the
remainder of the year.

Cost of sales and related buying and occupancy costs increased as a
percentage of sales when compared to the same quarter in 1995 due
primarily to higher occupancy costs resulting from new stores and
remodeling projects.

Selling, general and administrative expenses increased as a percentage
of sales when compared to the same quarter in 1995.  Factors that contributed
to the increase included higher bad debt expenses resulting from growth in the
Company's VISA card program as well as an increase in the level of write-offs,
and higher sales promotion costs due to accelerating certain promotional
activities from the third to the first quarter in 1996.  These increases were
partially offset by lower distribution costs for the Company's direct sales
division and decreased spending on development of a new payroll system which
was implemented in early 1996.

Interest expense increased as a percentage of sales when compared to the same
quarter in 1995 primarily due to higher levels of debt outstanding during the
quarter.  The increase was partially offset by a decrease in interest rates.

Service charge income and other, net was affected by two primary factors.  Net
revenues from the Company's VISA and proprietary card programs increased by
40% compared to the prior year as result of growth in these programs.  The
impact of this increase was offset by the effect of one-time gains in the
prior year on the sale of a closed distribution facility and a full-line
store, totalling $6.3 million ($0.05 per share after income taxes).

Certain other information required by this item is included in Note 2 to the
financial statements under Part I, Item 1, which note is incorporated herein
by reference.

Financial Condition:
- --------------------

During the quarter, the Company opened two new full-line stores in the
King of Prussia Plaza in King of Prussia, Pennsylvania and at the Dallas
Galleria in Dallas, Texas, and opened a clearance store in the Village
Square of Northbrook in Northbrook, Illinois.  Construction is
progressing as planned on new stores scheduled to open later this year
and in 1997.

                                 7 of 8

<PAGE>




                     NORDSTROM, INC. AND SUBSIDIARIES





 
                      PART II - OTHER INFORMATION


Item 1.  Legal Proceedings
- --------------------------
The Company is not involved in any material pending legal proceedings, 
other than routine litigation in the ordinary course of business.



Item 6.  Exhibits and Reports on Form 8-K
- -----------------------------------------

(a)  Exhibits
     --------

     (27.1)  Financial Data Schedule is filed herein as an Exhibit.

(b)  Reports on Form 8-K
     -------------------

     No reports on Form 8-K were filed during the quarter for which this 
     report is filed.



                               SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.


                              NORDSTROM, INC.
                                (Registrant)


                             /s/            John A. Goesling
                             ------------------------------------------
                             John A. Goesling, Executive Vice President
                                             and Treasurer
                            (Principal Financial and Accounting Officer)


Date:  June 10, 1996
- --------------------









                                 8 of 8

<PAGE>




NORDSTROM, INC. AND SUBSIDIARIES

<TABLE>
<CAPTION>

Exhibit Index

Exhibit                                    Method of Filing
- -------                                    ----------------
<S>                                        <C>
27.1  Financial Data Schedule              Filed herewith electronically
</TABLE>







<TABLE> <S> <C>

<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          JAN-31-1997
<PERIOD-END>                               APR-30-1996
<CASH>                                          33,426
<SECURITIES>                                         0
<RECEIVABLES>                                  864,137
<ALLOWANCES>                                         0
<INVENTORY>                                    731,647
<CURRENT-ASSETS>                             1,696,969
<PP&E>                                       1,109,287
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               2,823,199
<CURRENT-LIABILITIES>                          945,671
<BONDS>                                        322,440
<COMMON>                                       176,596
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   1,267,371
<TOTAL-LIABILITY-AND-EQUITY>                 2,823,199
<SALES>                                        905,962
<TOTAL-REVENUES>                               905,962
<CGS>                                          617,112
<TOTAL-COSTS>                                  860,713
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               9,394
<INCOME-PRETAX>                                 45,249
<INCOME-TAX>                                    17,900
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  1,452
<CHANGES>                                            0
<NET-INCOME>                                    25,897
<EPS-PRIMARY>                                     0.32
<EPS-DILUTED>                                     0.32
        

</TABLE>