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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)