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Luxury Earnings: Neiman Marcus, Tiffany & Co. Report Profit Rises

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Neiman Marcus Inc. Q3 Profit Doubles As Margins, Sales Improve Dallas—Neiman Marcus, Inc.’s third-quarter earnings more than doubled as the luxury retailer’s margins improved on continued sales growth. Results reported today by the company, which operates Neiman Marcus and Bergdorf Goodman, were in line with other luxurygoods retailers that have …

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New Executives: JCPenney, Wet Seal, Christopher & Banks

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Among the retailers announced new executive appointments this week include JCPenney, The Wet Seal, Christopher & Banks, Asprey and Tiffany & Co. Plano, TX–JCPenney announced three senior executive appointments, including Michael Dastugue as the new chief financial officer. Dastugue succeeds Robert Cavanaugh, who is stepping down after 32 years with …