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UPDATE 1-Nordstrom profit misses estimates, shares down

2016-02-18 23:39:23| Apparel - Topix.net

Feb 18 Department store operator Nordstrom Inc reported lower-than-expected quarterly profit as it offered deep discounts to clear excess inventory from the holiday season. Nordstrom's net income fell to $180 million, or $1 per share, in the fourth quarter ended Jan. 30 from $255 million, or $1.32 per share, a year earlier.

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