View Post

Neiman Marcus Q1 Profit Triples

In Reports, What's New, Industry News by Accessories Staff

Dallas—Mirroring increases that many European luxurygoods companies have been reporting recently, Neiman Marcus Inc. posted today a fiscal first-quarter profit more than triple the same quarter last year. For the quarter ended October 30, the company’s profit rose to $25.7 million from $8.5 million a year earlier. Gross margin widened …