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Nordstrom same-store sales fall 6% for Q2

18 Aug '08
4 min read

Fiscal Year 2008 Outlook:
Based on the current operating environment, the company has reviewed its outlook for the second half of the year. For the full year, gross profit margin is expected to be 110 to 140 basis points lower than fiscal 2007, down from the previously announced 60 to 90 basis point decrease.

As a result, the company anticipates earnings per diluted share for the fiscal year ending January 31, 2009, to be in the range of $2.55 to $2.65, decreased from the previously announced range of $2.65 to $2.80. All other assumptions remain unchanged from the outlook shared at the end of the first quarter.

Third Quarter 2008 Outlook:
For the third quarter of 2008, earnings per diluted share are expected in the range of $0.49 to $0.54, based on the company's plan of 4 to 6 percent same-store sales decline.

Nordstrom Inc

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