top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Neiman Marcus 1q Profit Up 88%

(Filed Under Financial and General Interest News). Leading retailer Neiman Marcus Group, Inc. reported an 88 percent surge in first-quarter earnings due to stronger sales and lower interest expense.

Profit came to $48.4 million, up from $25.7 million in the prior year’s period. Net interest expense fell 26 percent, contributing to the rise in net profit. Gross margin rose to 39.4 percent from 39.3 percent.

The company’s total revenue rose 8.2 percent to reach $1 billion. Same-store sales jumped 8 percent, while direct-marketing sales, including catalog and Internet sales, grew 15 percent. The retailer recently began accepting Visa and MasterCard at its 41 locations, where it had only previously accepted cash, American Express or the company’s Neiman’s card. Neiman Marcus had already accepted the major credit cards at its website and its Bergdorf Goodman chain, but expanded the practice to stores to draw in younger customers.

more Financial and General Interest News >>

Published 11-29-2011 by Katherine Rautenberg

Related Articles

Neiman Marcus 1q Profit Up 88%
Neiman Marcus Reports Steep 4q Loss
Neiman Marcus Profit Nearly Triple in 1q
Neiman Marcus Comps +9.1%
Neiman Marcus: 4Q & Full-Year Drops

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Related pictures

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow