By  on November 21, 2017
Neiman Marcus

Neiman Marcus Group reported that its net loss for its first fiscal quarter rose slightly to $26.2 million from $23.5 million in the year ago quarter, though comparable revenues rose 4.2 percent.Total revenues in the quarter ended Oct. 28, 2017 rose 3.8 percent to $1.12 billion, from $1.08 billion in the year ago quarter.The Dallas-based luxury retailer cited investments in its "digital first" strategy and in new technologies and marketing tools for the rise in revenues.Adjusted earnings before interest, taxes, depreciation and amortization were $123.5 million versus $122.9 million a year ago. Operating earnings rose to $31 million from $25.3 million. Interest expenses were $76 million in the quarter, versus $72 million a year ago.

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