Economy Begins to Bite: Nordstrom Stays Course Despite Bumpy Outlook

Nordstrom isn't about to let a tough fourth quarter and soft outlook for the year deter its long-term objectives.

The Seattle-based specialty chain reported Monday that for the fourth quarter ended Feb. 2, net earnings dropped 8.6 percent to $212 million, or 92 cents a diluted share, from $232 million, or 89 cents, in the corresponding period a year earlier.