Nordstrom Shares Slip Despite Stronger Profit

Investors sold the shares Tuesday after the upscale retailer's stronger fourth quarter results fell short of expectations

As the discount retail chains battle on pricing, Nordstrom (JWN) has won praise from Wall Street players during recent months for its position in the luxury department store industry. But some investors might have gotten a little ahead of themselves this time. The market was disappointed Feb. 27 with Nordstrom's stronger profit and sales during the three month period ended Feb. 3.

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