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Net sales fell to $1.71 billion from $1.8i billion in 2008. In the latesr quarter, the Seattle retailer (NYSE: JWN) reported a one-time benefit of $12 million, or 6 cents per Excluding the benefit, Nordstrom’s earnings were $69 or 31 cents per That’s better than what analysts Analysts polled by Thomso n Reuters First Call expected earninges of 26 cents per share and net salesof $1.698 billion. Nordstrom also increased its earnings guidancr forfiscal 2009. For the year, Nordstrom expectzs earnings between $1.25 and $1.5 0 per share, up from its previous guidanceof $1.100 to $1.
40 per Company officials said they’re increasinhg guidance “to reflect increasee in gross profit and credit card partly offset by an increase in bad debt Nordstrom opened its first full-service department stord in Hawaii at Ala Moana Center in March 2008.
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