(Filed Under Financial and General Interest News). Sales for Neiman Marcus, Inc. continued to fall during the 1st quarter, the company reported on December 9th, 2009, attributing its weak results to “a challenging economic and retail environment.” Sales at Neiman Marcus and Bergdorf Goodman stores fell a combined 14.9 percent, while overall comparable sales declined 13.7 percent.
The company cited an 11.9 percent drop in revenue, to $868.9 million. Net profit was $8.5 million compared to $12.9 million during the same period in 2008.
Neiman Marcus, Inc. currently operates approximately 41 Neiman Marcus stores nationwide and two Bergdorf Goodman stores in Manhattan. For further information, e-mail Investor_Relations@NeimanMarcus.com.
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