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Retailers Weak; Nordstrom Down on Earnings Miss

Retailers were weak all day after disappointing guidance from Kohl's early this morning.

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Kohl's dropped 6 percent at the close, JCPenney and Macy's closed down 5 percent, while Nordstrom fell 4 percent.

After the bell, Nordstrom is down another 3 percent after its Q1 earnings missed analyst forecasts ($0.52 vs. $0.55 consensus).

It did, however, raise its full-year guidance, inline with current Street expectations ($2.50-$2.65 vs. $2.61 consensus) and projects same-store sales to rise 4 percent to 6 percent this year.

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  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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