Current status of Neiman Marcus
With this economy, stores have suffered and Neiman Marcus is no different. Sale has fallen 16.6 percent in the most recent 4 weeks period ending August 29. The company stores open for 12 months or more fell to 237 millions from 284 millions. Neiman Marcus posted a total sale of 241 millions foe August down from 285 millions in August last year. The strongest sale area included ladies shoes, precious jewelry, beauty product and couture. In June, the company reported a net loss of 3.1 millions for the 3rd quarter. revenue for the quarter hit 810.1 millions which was down 1.06 billion in the 3rd quarter last year.
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