US: Neiman Marcus boosts Q2 profit
- Q2 adjusted net profit up 24.2% to US$40.4m
- Revenues up 6.3% to $1.36bn
- Improved performance in second quarter
Retailer Neiman Marcus improved its performance in the second quarter of fiscal 2013, boosting revenues by over 6% and adjusted earnings by nearly a quarter.
The US company recorded a 5.3% increase in comparable revenues in the three months to 26 January, continuing the revenue patterns from its first quarter.
For the first half as a whole, revenues increased 6.6% to $2.43bn, with comparable revenues rising by 5.4%.
Meanwhile, adjusted net earnings for the first half were up 12.4% to $99.5m, the company said.
Upscale department store retailer Neiman Marcus has reportedly appointed hired Credit Suisse Group, Bank of America Merrill Lynch and JPMorgan Chase & Co to lead a potential initial public offering (I...
Upscale department store retailer Neiman Marcus plans to raise up to US$100m from an initial public offering (IPO) of its common stock....
Upscale department store retailer Neiman Marcus has booked a 13% increase in third-quarter profit, boosted by higher sales....
- Sustainable fibres, finishes and processes at ITMA
- Freeing up working capital in the supply chain
- Five ways to tackle market and demand volatility
- ‘Fixing Fashion’ one stitch at a time
- Why China 5-year plan won't change garment-making
- Uniqlo under fire again for China worker abuses
- German sustainable textile scheme heads to Vietnam
- 3D tool uses product data to shake up shopping
- US Q3 in brief: Shoe Carnival, Caleres
- Fast Retailing in deal for laser treated garments
- Wearable technology: The future market potential for smart garments and e-textiles
- Practical Brand Sourcing Strategy
- Statistics: Trends in Global and Regional Man-made Fibre Production - 2015
- Trade and Trade Policy: The World’s Leading Clothing Exporters and Key Markets 2015
- Myanmar's Garment Sector in 2015 - now with updated members' directory