Revenue Is Up at Neiman Marcus, But Income Drops Slightly

Share this content:
The Neiman Marcus Group Inc., Dallas, reported yesterday that for the 13 weeks ended May 3 it posted total revenue of $723 million compared with $693 million in the previous year.


However, net earnings dipped from $47 million a year ago to $41 million. Excluding the effect of implementing a new vacation policy and "certain other items," adjusted earnings a year ago totaled $42 million.


Neiman Marcus Direct reported revenue of $113 million in the recently concluded quarter compared with $102 million for the prior year. Operating earnings for the company's direct marketing division were $10 million, unchanged from a year ago.


In other news:


* Delia's Corp., New York, reported net sales during the quarter ended May 3 of $29.5 million compared with $28.8 million during the previous year. Direct sales dropped 12 percent in conjunction with a 22 percent drop in circulation. The net loss for the quarter reached $7.3 million compared with a net loss of $4.3 million in the same period a year ago.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above