21-11-2019 22:37 via finance.yahoo.com

UPDATE 1-Nordstrom quarterly profit beats estimates; share jump 10%

Nordstrom Inc reported quarterly profit above Wall Street expectations on Thursday, as it sold more apparels at its off-price stores and kept inventories in check, sending the retailer's shares up about 10% after the bell.Nordstrom's upbeat guidance comes in contrast to profit forecast cuts by larger rivals Macy's Inc and Kohl's Corp ahead of the crucial holiday season.To boost online sales, the retailer has been rolling out inventory-free stores called Nordstrom Local, which serve as pickup poi
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