Neiman Marcus Group, showing signs that its core business is improving and helped by some tax benefits, reported net earnings of $346.3 million for its second fiscal quarter ended Jan. 27, compared to a net loss of $140.6 million in the year-ago period.Adjusted earnings before interest, taxes, depreciation and amortization were $277.2 million, compared to $249.7 million for the same period in the prior year. The company cited a provisional non-cash income tax benefit of $384.1 million in fiscal year 2018 and non-cash impairment charges of $153.8 million as impacting the bottom line.“I am excited about our momentum, which underscores Neiman Marcus Group is truly unique within our industry for our ability to deliver on a personalized luxury shopping experience across channels and brands,” said Geoffroy van Raemdonck, NMG's new chief executive officer. “We will continue to innovate and invest in the business to envision new ways to serve the luxury customers of today and tomorrow.”Total revenues in the second fiscal quarter came to $1.48 billion, representing an increase of 6.2 percent, compared to total revenues of $1.4 billion for the second quarter of fiscal year 2017. Comparable revenues increased 6.7 percent.The company also cited technology investments and digital growth as contributing to the quarter's gains.
“I like everything she does,” said @lilkimthequeenbee about @parishilton at Hilton’s launch party for her collab with @boohoo. “She understands women and the certain body types. I think her clothes are so cute. It’s hot. She’s funny, but sexy at the same time, just like me.” #wwdeye (📸 @chelsealaurenla ) #parishilton #boohoo #lilkim
“It has to be authentic and real to me,” @charlotteslawrence tells WWD’s @leighen about writing her own music. “No matter what I’m singing, I have to still be able to feel it in that moment or in five years from now — I have to be able to connect to that moment: this is my story, this is a little piece of me.” Read more on wwd.com (📸: @jgreenery ) #wwdeye #charlottelawrence
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty