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Nordstrom reports 13 per cent loss Upscale US department store chain Nordstrom has joined its rival Macy’s in reporting a heavy second-quarter loss, despite cost-cuts and massive inventory clearing. Net earnings fell 13 per cent from the corresponding quarter last year to US$141 million ($209 million), or US90¢ per share.  However, analysts had tipped earnings of just US75¢ a share, which was enough to send the company’s stock up 10 per cent on the announcement, although shares are do

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