Nordstrom Sees Sales Up, to Open New Stores

Nordstrom gave a profit forecast that missed Wall Street's expectations and said its gross profit margin would dip this year as it invests in beefing up its growing online business. Nordstrom, which now operates 117 department stores and 104 Rack outlets, plans to open another department store next month and a total of 15 new Racks this fiscal year, including 12 locations that it's identified.