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Nordstrom misses Street 3Q forecasts

2015-11-13 02:08:57| Apparel - Topix.net

Nordstrom shares plummeted more than 19 percent in late trading Thursday after the retail chain missed Wall Street earnings estimates and lowered its guidance for the year. The Seattle-based company blamed "softer sales trends," across all categories of merchandise, for a third-quarter performance that was "below company expectations."

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