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Nordstrom’s Clean Inventory Level at End of Q2 Should Help Second Half Profitability

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While it wasn’t exactly the best quarter, Nordstrom Inc. did have a second-quarter profit, and a lower inventory level leaves room for higher-quality opportunistic buys in the back half of the year. In a Nutshell: It was a mixed second-quarter for Nordstrom, which managed to beat Wall Street’s profit estimate by 14 cents a share…

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