Upscale retailer

Nordstrom

(JWN) - Get Report

could hurt its retailing brethren Wednesday. The company early Wednesday warned that its earnings would not make estimates due to softer-than-expected sales and bigger-than-planned markdowns. Investors have been concerned that a slowdown in consumer demand and (warning -- here comes another "blame the weather" excuse) a mild summer would hurt retail sales. Retail stocks have been in the dumps pretty much all year.