Neiman Marcus Profits Soar

March 2005
Home Textiles Today;3/7/2005, Vol. 26 Issue 26, p20
Trade Publication
The article reports that helped by a big gain in same-store sales, stronger margins and lower costs, fourth quarter profits at upscale retailer Neiman-Marcus Group Inc. climbed 19.3 percent, to $70.6 million from $59.2 million last year. In a strong lift to earnings, in addition to the stronger comps, average gross margin widened substantially, by 110 basis points, or 1.1 percentage points, to 52.5 percent from 31.4 percent the preceding year. In the same time, operating costs were whittled 90 basis points, or nine-tenths of a percentage point, to 21.9 percent of sales from 22.8 percent a year ago.


Related Articles

  • Know the financial basics. Hughes, Carl // LP/Gas;Jan2008, Vol. 68 Issue 1, p28 

    The article discusses the financial costs of starting up a propane-related business. A graph depicting microeconomic terminologies involve in propane retailing is presented. The article also talks over variable cost, gross margin expectations and return of investment goal which are integrated in...

  • Luxe's Fragile Recovery: Neiman's Still Cautious Despite Return To Black.  // WWD: Women's Wear Daily;6/9/2010, Vol. 199 Issue 120, p1 

    The article reports that executives at Neiman Marcus Inc. which returned to profitability in the third quarter of 2010 with 10.5 percent leap in sales, are cautious of the company's performance due to recent declines in the stock market and the euro. It focuses on the hope expressed by the...

  • NEIMAN MARCUS' 'OUTSTANDING' YEAR. Moin, David // WWD: Women's Wear Daily;9/27/2007, Vol. 194 Issue 67, p3 

    The article reports on the celebration of the 100th birthday of luxury chain Neiman Marcus Group in Dallas, Texas. The company has also posted increases in operating earnings and sales in the fourth quarter and year ended July 28, 2007. Operating earnings rose 51.9 percent to $32.2 million in...

  • Neiman Marcus moves to Q3 profit. Russell, Michelle // Aroq - Just-Style.com (Global News);6/15/2015, p1 

    The article presents a reprint of the article "Neiman Marcus moves to Q3 profit," by Michelle Russell, which appeared on just-style.com on July 12, 2015, focusing on the move of upscale department store retailer Neiman Marcus Group Inc. to a profit, with sales growth in fiscal third-quarter (Q3).

  • A Tough Three Months: Neiman's Sees Profit, More Markdowns Loom. Moin, David // WWD: Women's Wear Daily;12/11/2008, Vol. 196 Issue 122, p1 

    The article reports on the drop of the fiscal first-quarter profits for 2008 of retail department store Neiman Marcus Group Inc. in the U.S. It is inferred that the company's profit fell 83.6%, a comparable-store sales drop of 14.5 percent. It offers information on the company's total sales for...

  • Dillard's Net, Sales Down In Q4.  // WWD: Women's Wear Daily;2/25/2014, Vol. 207 Issue 39, p2 

    The article focuses on the financial performance of the department store chain Dillard's Inc. in 2014. Topics include the fall in share prices in February of 2014, the gross margin profits from retail operations at the company, and the cause of lower than anticipated sales in the fourth quarter...

  • Stein on... maintaining a good margin. Stein, Neville // Horticulture Week;8/7/2009, p17 

    In this article the author discusses points on keeping one's business afloat. He points out that one should not just focus on sales only but include the gross margin because this is one of the most important figures in a business. One should measure margin both in terms of actual cash and the...

  • Covidien Q4 Meets Estimates, But Gross Margins Miss. AMY REEVES // Investors Business Daily;11/ 8/2013, p00 

    Medical-products company

  • Making Slow Progress: Neiman's Profits Fall, But Execs See Upside. Moin, David // WWD: Women's Wear Daily;12/10/2009, Vol. 198 Issue 120, p1 

    The article reports on the drop on the net profits of Neiman Marcus Group Inc. in the U.S. It states that the chain reported a 33.8 percent drop in net profits and 13.7 percent comparable revenue decrease in its first quarter which ended in October 31, 2009. According to executives, they were...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics