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Nordstrom, Inc. Earnings Preview
We expect Nordstrom to report a relatively in-line quarter compared with the Street consensus of $1.34 as well as implied guidance of $1.30-$1.35. Overall, we project 1% total sales growth, to $3.7 billion. We project gross margin, including the impact of Fashion Rewards, to decline 35 basis points, and SG&A deleverage of 40 basis points given the softer top line and continued investment. Nordstrom is … Continue reading Nordstrom, Inc. Earnings Preview