Neiman Marcus Inc. posted another winning quarter on Tuesday, reporting a 35 percent profit gain and a 6.7 percent comparable-store sales increase for the period ended April 28.
In the latest quarter, Neiman’s experienced increased full-price selling, an 80 basis-point improvement in gross margins, reduced expenses, and strength in contemporary sportswear, designer handbags, shoes and beauty. Neiman’s ranks among the world’s most productive retailers, generating $530 in sales a square foot last quarter, up almost 8 percent from $490 a year ago. The retailer also said it’s seeing payoffs from Web site improvements, including quicker navigation, personalized e-mails and targeted display advertising.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)