The Neiman Marchs Group Inc., Chestnut Hill, MA, said that it will likely record a fourth quarter loss of between ten and 15 cents per share, as opposed to the expected earnings of ten cents a share seen earlier. The company attributed its loss to higher-than-anticipated markdowns resulting from overstock during the quarter. The company did not break out the performance of its direct marketing versus
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The Neiman Marchs Group Inc., Chestnut Hill, MA, said that it will likely record a fourth quarter loss of between ten and 15 cents per share, as opposed to the expected earnings of ten cents a share seen earlier.
The company attributed its loss to higher-than-anticipated markdowns resulting from overstock during the quarter. The company did not break out the performance of its direct marketing versus retail operations.
