Neiman Marcus Inc. practically doubled its profits during its first quarter ended Oct. 29, but executives kept their cool, citing the potential impact of stock market gyrations and troubled economies around the world.
“We do remain concerned with the broader economy and effects on our customers. Our customers are very attuned to the fluctuations of the stock market and sensitive to the world economic news,” Karen Katz, Neiman’s president and chief executive officer, told investors during a conference call Monday. “As we move into the holidays, we are ever mindful of the uncertainty of the economic news here and abroad.”
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?"