Karen Katz cops to a personal aversion to stiletto heels. She admits enlisting a local stylist for help in pulling her seasonal wardrobes together, and, worse still, that she hates to shop. Hardly the stuff of irony for a woman at the top of her field in a high-pressured career, except that as president and chief executive officer of Neiman Marcus Stores, Katz steers the ship of one of the bastions of American luxury retail, currently in the throes of a major boom.
On Tuesday, the Neiman Marcus Group reported dramatic gains in fourth-quarter and full-year profits: for the quarter ended July 31, earnings of $20.6 million, a whopping 187 percent increase over last year. Revenues increased 12.3 percent. Specialty retail revenues rose 11.1 percent. For fiscal year 2004, comparable-store sales were up 14 percent.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)