(Filed Under Financial and General Interest News). For their thirteen week second quarter ended January 31, 2009, Neiman Marcus Inc. reported revenues totaling $1.08 billion compared with $1.37 billion during last year’s second quarter, a 22.8 percent decrease. The company’s operating loss was $592.7 million compared with operating earnings of $134.3 million during the prior year’s quarter. Their net loss was $509.2 million compared with net earnings of $44.3 million in the prior year’s quarter.
For the 26-week period ended January 31, 2009, the company reported a 19 percent decrease in revenues. During this year's period, revenues totaled at $2.07 billion compared with $2.51 billion during the same period last year.
In January and February, Neiman Marcus conducted two rounds of massive lay-offs totaling in approximately 830 job cuts.
As of the end of the fiscal year ended August 2, 2008, Neiman Marcus operates approximately 40 better department stores in 20 states and the District of Columbia, as well as two Bergdorf Goodman stores in New York City, and two dozen Last-Call clearance centers.
see moreDisclaimer: The views expressed in comments published on bodymagazine.us 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.