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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus