By  on September 10, 2009

Neiman Marcus Inc. may be losing money and cutting inventories and expenses — but there’s no backing away from the mission.

“This downturn dramatically impacted our customers both financially and emotionally. However, we are confident our customers still have a strong desire for luxury merchandise and the wherewithal to shop,” Burt Tansky, president and chief executive officer, stated Wednesday, during a conference call reviewing fourth-quarter and year-end results and the priorities for surviving the Great Recession.

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