Nordstrom (JWN) Dec Comps Down 10.6%; Guides

January 8, 2009 8:38 AM EST
Nordstrom, Inc. (NYSE: JWN) Same-store sales for December decreased 10.6%.

As a result of higher than expected competitive markdown pressure across the industry, the company now expects that its earnings per share for the fourth quarter will not meet its previously announced outlook of $0.35 to $0.45. The consensus is $0.38.

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Guidance, Retail Sales