Nordstrom reports 68 pct drop in 4th-qtr profit (AP)

In this Nov. 28, 2008 file photo, shoppers enter the Nordstrom store located at the Somerset Collection in Troy, Mich.  Nordstrom Inc. reported late Monday, Feb. 23, 2009 that its fourth-quarter earnings fell 68 percent largely due to heavy discounting over the holiday shopping season and said its earnings for the year could miss Wall Street estimates. (AP Photo/Gary Malerba, file)AP – Upscale retailer Nordstrom Inc. reported late Monday that its fourth-quarter earnings fell 68 percent largely due to heavy discounting over the holiday shopping season and said its earnings for the year could miss Wall Street estimates.

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