By  on December 9, 2009

Continuing to operate under intense pressure, Neiman Marcus Inc. on Wednesday reported a 33.8 percent drop in net profits and a 13.7 percent comparable revenue decrease in its first quarter ended Oct. 31.

Earnings fell to $8.5 million from $12.9 million a year ago, while total revenues dropped 11.9 percent to $868.9 million from $985.8 million. Operating earnings were $74.8 million compared with $81.6 million for the first quarter of fiscal year 2009.

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