NEW YORK — A shaky economy and inclement weather kept the luxury customer at arm’s length, forcing Neiman Marcus Group to reduce prices to clear mounting inventories and leading to lower third-quarter profits.
Although the company said inventory-related markdown pressures will continue into the current fourth quarter, Burt Tansky, president and chief executive, said sales trends appear to be improving.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"