The Neiman Marcus Group Inc., the direct marketer and retailer based in Chestnut Hill, MA, reported overall net earnings of $39.9 million for the quarter ended Jan. 27, a slight decline from net earnings of $41.3 million, for the same period last year
Revenues for the period rose to $900.8 million from $878.1 million in the year-ago period.
Revenues at Neiman Marcus Direct were $125.6 million, up 9.1% from $115.1 million in the year-ago period. The company attributed these figures to strong sales gains in the Chef’s Catalog and Horchow businesses which were partially offset by weaker sales in apparel.
In addition, the company promoted Burton M. Tansky from president to CEO.
