ITEM 8.01 Other Events.

On April 16, 2012, Nordstrom Credit Card Master Note Trust II (the "Trust"), a statutory trust created by Nordstrom Credit Card Receivables II LLC (a wholly owned bankruptcy remote subsidiary of Nordstrom Credit, Inc., which is a wholly owned subsidiary of Nordstrom, Inc.), retired at maturity $453.8 million Series 2007-2 Class A Notes and $46.2 million Series 2007-2 Class B Notes (collectively, the "Series 2007-2 Notes"). The Series 2007-2 Notes were secured by the Nordstrom Private Label receivables and by an undivided beneficial participation interest in the Nordstrom VISA receivables (collectively, the "Receivables") pursuant to the terms of the Amended and Restated Master Indenture, dated as of May 1, 2007, as supplemented by the Series 2007-2 Indenture Supplement, dated as of May 1, 2007. The Series 2007-2 Notes were retired using cash that the Trust accumulated monthly into a restricted account beginning in December 2011.