Wednesday, March 13, 2019

Neiman Marcus swings to Q2 loss

Chain Store Age
Neiman Marcus Group reported a net loss of $29 million in quarter ended January 26, compared with net earnings of $372.5 million in year-ago period, which included through the year-ago period included a $387.8 million tax benefit.

Revenue totaled $1.39 billion, down from $1.48 billion last year. Same-store sales edged up 0.7%, the sixth consecutive quarter of comparable sales increases.. . . more