By  on November 27, 2012

Neiman Marcus Inc. reported that net income in the latest quarter rose 2.5 percent to $49.6 million from $48.4 million in the year-ago period.


In Neiman’s first quarter ended Oct. 27, total revenues were essentially flat at $1.07 billion compared to $1 billion in the prior year, though comparable-store sales increased 5.4 percent. Operating earnings for the first quarter of fiscal year 2013 were $127.8 million compared to $122.8 million for the first quarter of fiscal year 2012.

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus