By  on February 23, 2010

Recovering from the downturn in luxury spending, Nordstrom Inc.’s fourth-quarter profits rose 152.9 percent and president Blake Nordstrom told Wall Street his company had made good use of the financial crisis.

“Our business is in a much stronger position now than it was going into the downturn that began roughly two years ago,” said Nordstrom on the company’s quarterly conference call. “But it was our focus on the customer that led us to major improvements in our business. It is because of our service commitment that we are better positioned financially, competitively and, most important, with our customers.”

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