By  on June 6, 2018

Neiman Marcus Group, showing improving sales trends, narrowed its net loss for the fiscal third quarter ended April 28 to $19.9 million from $24.9 million in the year-ago period.Adjusted earnings before interest, taxes, depreciation and amortization increased to $143.8 million compared to $135.9 million in the prior year.Revenues reached $1.17 billion, a 4.8 percent increase from total revenues of $1.11 billion in the year-ago period. Comparable sales increased 6 percent“Our strategy is working, so we will continue to be laser-focused on areas that set us apart from competitors – innovation that enhances the customer experience, a strong high-performance culture and new partnerships with both emerging and industry-leading luxury brands,” said Geoffroy van Raemdonck, chief executive officer.

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