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Nordstrom shares fall after halving fourth-quarter outlook

NEW YORK
Thu Nov 13, 2008 5:11pm EST

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NEW YORK (Reuters) - Shares of Nordstrom Inc (JWN.N) fell 4.5 percent to $12.38 after the company's fourth-quarter outlook fell well below analyst expectations.

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The retailer also said it would open fewer stores from 2009 to 2010 than previously planned. Same store sales for the third quarter fell 11.1 percent from a year earlier.
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