Neiman Marcus Group, continuing to suffer from the worsening economy and reduced consumer spending, reported Wednesday that fiscal first-quarter profits fell 83.6 percent on a comparable-store sales drop of 14.5 percent.
The company expects its second quarter to see higher markdowns than a year ago, and is still grappling with inventories outsized in relation to demand. Executives said they hope to reach the right balance by mid-2009.
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?"