Tuesday, September 18, 2018

Neiman Marcus ends its year with sales up in all four quarters, but still facing huge debt

The Dallas Morning News
Neiman Marcus continued its streak of quarterly sales gains and significantly lowered its loss in the recent quarter as it enters a pivotal year.

The Dallas-based luxury retailer reported a sales increase of 2.3 percent to $1.13 billion in its fiscal fourth quarter and narrowed its loss to $75 million. That compared with sales of $1.12 billion and a loss of $366 million last year, which included a charge to lower the value of the company on its books.. . . more