Nordstrom profit off
Nordstrom’s fiscal second-quarter earnings fell 11 percent on higher costs related to e-commerce and technology investments, along with the one-week shift of the retailer’s largest sale event into the next quarter.
Nordstrom raised its full-year earnings guidance to $3.40 to $3.50 a share while also boosting its same-store sales growth outlook for the year to 7 percent.
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