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’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion