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) -- If today's earnings report from


(JWN) - Get Nordstrom, Inc. Report

proves anything, it's this: luxury shoppers -- if there are any left -- are still steering clear of high-end items.

While Nordstrom's profit was in-line with Wall Street's guidance, the company's same-store sales saw a 9.8% decline. Still, Nordstrom upped its full-year guidance, citing a stronger second quarter than management expected.

During the quarter, the company earned $105 million, or 48 cents a share, compared with $143 million, or 65 cents, in the year-ago period.

The company claimed that its Anniversary Sale, coupled with leaner inventories and expense management, helped it reach its guidance.

Revenue dropped 6% to $2.23 billion from $2.36 billion last year.

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Looking ahead, the company now expects full-year earnings in the range of $1.50 to $1.65 a share, up from $1.25 to $1.50 a share.

Shares of the company were in the red in after-market trading, after closing up 1% to $29.76.

While Nordstrom still struggles, the department store sector seems to be having a little more luck on the lower end.


(KSS) - Get Kohl's Corporation Report

today reported a

3% decline in its quarterly profit

, but its same-store sales fell less drastically, by 2.3%. The department store also raised its full-year forecast.

-- Reported by Jeanine Poggi in New York.

Copyright 2009 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.