<PAGE>

                               UNITED STATES 
                     SECURITIES AND EXCHANGE COMMISSION 
                           Washington, D.C. 20549 
 
                                 FORM 10-K 
 
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 
    EXCHANGE ACT OF 1934 
 
    For the fiscal year ended January 31, 1997 
 
/ / 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 office)  (Zip code) 
 
   Registrant's telephone number, including area code:  206-628-2111 
 
     Securities registered pursuant to Section 12(b) of the Act: 
                               None 
 
     Securities registered pursuant to Section 12(g) of the Act: 
 
                   Common Stock, without par value 
                 ____________________________________ 
                           (Title of class) 
 
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 / / 
 
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405  
of Regulation S-K is not contained herein, and will not be contained, to the  
best of Registrant's knowledge, in definitive proxy or information statements  
incorporated by reference in Part III of this Form 10-K or any amendment to  
this Form 10-K.  /X/ 
 
AMENDMENT TO FORM 10-K IS BEING SUBMITTED DUE TO TYPOGRAPHICAL ERRORS ON THE
CONSOLIDATED STATEMENTS OF EARNINGS AND THE CONSOLIDATED STATEMENTS OF CASH
FLOWS IN EXHIBIT 13.1.
 
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<PAGE>
EXHIBIT 13.1

CONSOLIDATED STATEMENTS OF EARNINGS

<TABLE>
<CAPTION>
Dollars in thousands except per share amounts

                                            % of                % of                % of
Year ended January 31,               1997   sales        1996   sales        1995   sales  
- -------------------------------------------------------------------------------------------
<S>                            <C>          <C>    <C>          <C>    <C>          <C>    
Net Sales                      $4,453,063   100.0  $4,113,517   100.0  $3,894,478   100.0  
                               ------------------------------------------------------------

Costs and Expenses:

  Cost of sales and related
    buying and occupancy        3,082,037    69.2   2,806,250    68.2   2,599,553    66.7

  Selling, general and
    administrative              1,217,590    27.3   1,120,790    27.2   1,023,347    26.3

  Interest, net                    39,400      .9      39,295     1.0      30,664      .8

  Service charge income
    and other, net               (129,469)   (2.9)   (125,130)   (3.0)    (94,644)   (2.4)

                               ----------------------------------------------------------
Total Costs and Expenses        4,209,558    94.5   3,841,205    93.4   3,558,920    91.4
                               ----------------------------------------------------------
Earnings before income taxes      243,505     5.5     272,312     6.6     335,558     8.6
Income taxes                       96,000     2.2     107,200     2.6     132,600     3.4
                               ----------------------------------------------------------
Net Earnings                   $  147,505     3.3  $  165,112     4.0  $  202,958     5.2
                               ==========================================================

Net Earnings per share              $1.82               $2.02               $2.47
                               ==========================================================

Cash dividends paid per share        $.50                $.50               $.385
                               ==========================================================


<FN>
The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.
</TABLE>



















Page 14  Nordstrom, Inc. and Subsidiaries

<PAGE>

EXHIBIT 13.1

CONSOLIDATED STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
Dollars in thousands
Year ended January 31,                               1997            1996            1995
- -----------------------------------------------------------------------------------------
<S>                                              <C>             <C>             <C>
Operating Activities

Net earnings                                     $147,505        $165,112        $202,958
Adjustments to reconcile net earnings
  to net cash provided by operating
  activities:
    Depreciation and amortization                 156,122         134,347         110,789
    Change in:
      Accounts receivable, net                     (7,262)       (218,036)        (89,450)
      Merchandise inventories                     (93,616)          1,627         (42,328)
      Prepaid income taxes and other               (1,578)         (6,634)         (9,746)
      Accounts payable                             32,846           4,500           9,029
      Accrued salaries, wages, and taxes            7,210          (4,961)         33,554
      Accrued expenses                              8,246           6,844           4,996
      Income tax liabilities                      (12,216)        (12,621)         (4,518)
      Deferred lease credits                       11,624          51,756          16,558
                                                 ----------------------------------------
Net cash provided by operating activities         248,881         121,934         231,842
                                                 ----------------------------------------

Investing Activities

Additions to property, buildings and
  equipment, net                                 (204,278)       (252,876)       (248,608)
Other, net                                         (1,838)         (1,103)          1,660
                                                 ----------------------------------------
Net cash used in investing activities            (206,116)       (253,979)       (246,948)
                                                 ----------------------------------------

Financing Activities

Proceeds from accounts receivable
  securitization                                  186,600               -               - 
(Decrease) increase in notes payable              (68,731)        145,113          47,051
Proceeds from issuance of long-term debt           57,729         140,859          49,656
Principal payments on long-term debt             (117,311)        (75,967)       (114,664)
Proceeds from issuance of common stock             14,958           5,106           5,960
Cash dividends paid                               (40,472)        (41,001)        (31,622)
Purchase and retirement of common stock           (71,771)        (50,045)              -
                                                 ----------------------------------------
Net cash (used in) provided by financing
  activities                                      (38,998)        124,065         (43,619)
                                                 ----------------------------------------
Net increase (decrease) in cash 
  and cash equivalents                              3,767          (7,980)        (58,725)
Cash and cash equivalents at beginning of year     24,517          32,497          91,222
                                                 ----------------------------------------
Cash and cash equivalents at end of year         $ 28,284        $ 24,517        $ 32,497
                                                 ========================================
<FN>
The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.
</TABLE>

'

                                     Nordstrom, Inc. and Subsidiaries  Page 17

<PAGE>
(b)   Reports on Form 8-K 
      ------------------- 
 
No reports on Form 8-K were filed during the last quarter of the period  
for which this report is filed. 
 

 

                               Signatures 
 
Pursuant to the requirements of Section 13 or 15(d) 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) 
                              
                              
Date    April 8, 1997     by /s/                       John A. Goesling
        -------------        ------------------------------------------
                                                       John A. Goesling 
                                Executive Vice President and Treasurer 
                            (Principal Accounting and Financial Officer) 
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, this  
report has been signed below by the following persons on behalf of the  
Registrant and in the capacities and on the date indicated. 
 


Principal Accounting and               Principal Executive Officer:
Financial Officer:                     
 
 
/s/            John A. Goesling        /s/             John J. Whitacre
- -------------------------------        --------------------------------
               John A. Goesling                        John J. Whitacre
       Executive Vice President                   Chairman and Director
                  and Treasurer


















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<PAGE>


Directors: 

 
/s/            Philip M. Condit        /s/           Bruce A. Nordstrom
- -------------------------------        --------------------------------
               Philip M. Condit                      Bruce A. Nordstrom 
                       Director                                Director 
 
/s/          D. Wayne Gittinger        /s/            John N. Nordstrom 
- -------------------------------        -------------------------------- 
             D. Wayne Gittinger                       John N. Nordstrom 
                       Director                                Director 
 
/s/          Raymond A. Johnson        /s/       Alfred E. Osborne, Jr. 
- -------------------------------        -------------------------------- 
             Raymond A. Johnson                  Alfred E. Osborne, Jr. 
                       Director                                Director 
 
/s/            Charles A. Lynch        /s/       William D. Ruckelshaus 
- -------------------------------        -------------------------------- 
               Charles A. Lynch                  William D. Ruckelshaus 
                       Director                                Director 
 
/s/           Ann D. McLaughlin        /s/  Elizabeth Crownhart Vaughan 
- -------------------------------        -------------------------------- 
              Ann D. McLaughlin             Elizabeth Crownhart Vaughan 
                       Director                                Director 

/s/           John A. McMillan       /s/              John J. Whitacre 
- -------------------------------       --------------------------------- 
              John A. McMillan                        John J. Whitacre
                       Director      Chairman of the Board of Directors
 
 
 
Date              April 8, 1997 
    --------------------------- 
 
 
 

















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