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September 29, 2006
Neiman Plans More Stores As Earnings Rise
Neiman Marcus’s fiscal 2006 earnings rose 7.6% to $450 million on revenue of $4.1 billion.
The department store chain lauded the results, saying it had an outstanding year. Sales of sportswear and designer handbags helped boost sales for the fiscal year ended July 29th.
Neiman said it plans to open at least 50 more stores by 2010, citing continued market demand.
Posted by Blacks on September 29, 2006 08:34 AM
