Tuesday, April 30, 2019

Neiman Marcus sales down as it considers sale of MyTheresa

The Dallas Morning News
Neiman Marcus said Tuesday that sales declined in its just completed quarter and it's considering the sale of its European subsidiary MyTheresa.

The announcements by the Dallas-based luxury retailer were made in a filing that also detailed the launch of an exchange offer for $1.62 billion of unsecured debt.

Neiman Marcus said sales are estimated to decline 1.3% to 1.9% in its fiscal third quarter that ended Saturday. The decline follows six consecutive quarters of sales increases. . . . more