Neiman Marcus Inc. narrowed its fourth-quarter loss and posted a strong fiscal year, giving the luxury retailer momentum heading into Christmas, China and possibly an initial public offering down the road.
“We have a lot of good things going on. Our strategies are all starting to take hold in the stores and with our merchandising organizations. We feel like we are in a really good place to grow the business,” Karen Katz, president and chief executive officer, told WWD on Thursday, just after the company said it narrowed its fourth-quarter loss to $11.1 million. A year ago, Neiman’s posted a $61.4 million loss, which included a payment of $42.7 million to extinguish debt.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"