NEW YORK — A focus on full-price selling boosted Neiman Marcus Group’s first-quarter profits.
The company said Thursday that for the three months ended Nov. 2, its earnings rose 24.1 percent to $28.5 million, or 59 cents a diluted share, from $23 million, or 48 cents, in the year-ago quarter. Excluding a change in accounting principle, first-quarter earnings were $43 million, or 90 cents.
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?"