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March 09, 2007
Pricing Helps Boost Neiman's Q2
Neiman Marcus’s second quarter adjusted operating earnings jumped 24% to $146 million, thanks to higher margins and strong sales of women’s designer apparel, handbags and jewelry.
The department store chain reported net earnings of $41 million for the quarter ended Jan. 27, compared to earnings of $3 million a year ago. Meanwhile, sales at Neiman’s increased by 8.5% to $1.3 billion in the quarter, compared to $1.2 billion last year.
Posted by Blacks on March 9, 2007 08:31 AM
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