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Nordstrom Reports 9% Q3 Sales Boost, But Lowers Guidance

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Seattle–Nordstrom Inc.’s third-quarter earnings of $142 million were up slightly from last year’s $137 million. Net sales were up 8.9 percent to $3 billion and comparable sales were up 3.4 percent. The retailer said that men’s apparel, cosmetics and accessories were among the strongest categories. However, Nordstrom lowered its earnings …

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Forecast: Retail Holiday Sales to Increase 4% to 4.5%

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New York― Steadily improving economic fundamentals should moderately boost holiday sales in the stores and online this year, according to Deloitte’s annual holiday sales forecast. “Income, wage and job growth are positive indicators heading into the holiday season,” said Daniel Bachman, Deloitte’s senior U.S. economist. “Debt levels remain at historical …