Sales Slump Continues at Neiman Marcus

January revenue down more than 23%

Tuesday, Feb 3, 2009  |  Updated 4:45 PM CDT
View Comments (
)
|
Email
|
Print
Sales Slump Continues at Neiman Marcus

Neiman Marcus sales dropped again in January.

advertisement

Dallas retailer Neiman Marcus reported its January revenue dropped 23%.

The upscale retailers said Tuesday it expect to post a net loss for its fiscal second quarter.

"We currently anticipate a significant decrease in our gross margins and a delivering of expenses caused by the decline in revenues," Chief Executive Burton Tansky said in a statement.

While it continues to evaluate its capital expenditure plans for fiscal 2009, Tansky said the company would delay or eliminate some projects to hand it additional liquidity.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out