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....
- Why TPP implementation is far from a done deal
- Common themes unite Inditex and H&M supply chains
- US apparel retailers' September 2015 sales roundup
- TPP: now the real fight starts
- Clothing and cotton still on child labour list
- Cambodia sets new minimum wage at US$140
- Change at Banana Republic as Gap sales fall
- Unions discuss strike action over Cambodia wage
- Under Armour to open SEAMS Conference
- M&S edit highlights ethically sourced fashion
- Wearable technology: The future market potential for smart garments and e-textiles
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Ethiopia – the emerging textile and clothing industry
- Outdoor performance apparel: peaks, valleys, and green fields