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November 9, 2012

Nordstrom's 3Q profit rises 15%

NEW YORK (AP) — Nordstrom Inc. is reporting a 15 percent increase in third-quarter net income, fueled by strong demand of men's shoes, men's clothing and children's fashions.

The upscale department store chain says Thursday that it earned $146 million, or 71 cents per share for the three-month period ended Oct. 27. That compares with $127 million, or 59 cents per share, in the year-ago period.

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