Neiman Marcus Finally Snaps Two-Year Losing Streak

In The Daily Scoop by Accessories StaffLeave a Comment

Neiman Marcus’ long slump has finally come to an end. The luxury retailer on Tuesday reported that comparable sales, a metric that excludes newly opened or closed stores, rose 4.2% in its first fiscal quarter, breaking an eight-quarter slump that had raised questions about whether Neiman Marcus was falling out of favor with its affluent shoppers. The strong numbers bode well for Neiman as it heads into the crucial holiday quarter. Read more at Fortune.

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