Nordstrom earnings beat, execs warn of 'historical' theft losses

Nordstrom (JWN) reported second quarter results that beat estimates on both the top and bottom lines, but maintained its cautious outlook. The retailer raised concerns about credit card delinquencies and shrink, or theft, a theme several other retailers have stated is a problem. CEO Erik Nordstrom said in the conference call that "losses from theft are at historical highs." Yahoo Finance Live breaks down the company's results.