Nordstrom slashes annual profit outlook after weak holiday sales

(Reuters) - Nordstrom Inc on Thursday cut its forecast for annual profit after reporting weak holiday sales, as the department store chain took a hit from heavy discounting and promotions.

The company said it now expects adjusted earnings per share of $1.50 to $1.70, compared with its prior outlook of $2.30 to $2.60.

(Reporting by Deborah Sophia in Bengaluru; Editing by Devika Syamnath)