Executives at Neiman MarcusInc. are crossing their fingers.
Having returned to profitability in the third quarter with a 10.5 percent leap in sales and a 170-point increase in gross margin, officials at the Dallas-based upscale department store are hoping factors that weighed in their favor in the last quarter — a revival among luxury shoppers and even a return among less-affluent aspirational shoppers — won’t be erased by recent declines on the stock market and the dramatic drop in the euro.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"