Privately held luxury retailer Neiman Marcus Inc. narrowed its loss for the fourth quarter on a 9.4 percent sales gain.

For the three months ended July 28, the company’s loss came in at $15.7 million, which compares with a loss of $42 million in the year prior.

Sales for the quarter jumped to $981.7 million from $897.1 million last year, while total same-store sales increased 7 percent.

For the full year, earnings soared 98 percent to $111.9 million from $56.6 million in the prior year as sales grew 9 percent to $4.39 billion from $4.03 billion.

For complete coverage, see Thursday's issue of WWD.

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