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Fashion Jobs
H&M
Security/ Compliance Manager
Permanent · HO CHI MINH CITY
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Area Manager - Vietnam
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L'OREAL GROUP
Key Account Executive - Modern Trade
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PUMA
Assistant Manager Development Fabric Apparel
Permanent · Ho Chi Minh City
L'OREAL GROUP
Online Brand Manager - Vichy & la Roche Posay
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L'OREAL GROUP
Social Manager - Consumer Product Division
Permanent · HO CHI MINH CITY
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Senior Executive People & Organization - Temporary
Fixed-term · Ho Chi Minh City
COLUMBIA SPORTSWEAR COMPANY
Accessories And Equipment Merchandiser
Permanent ·
COLUMBIA SPORTSWEAR COMPANY
Senior Merchandiser - Apparel (Outerwear And Sportwear)
Permanent ·
COLUMBIA SPORTSWEAR COMPANY
Temp Accountant
Fixed-term ·
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
ADIDAS
Senior Footwear Designer
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Social Manager
Permanent · Ho Chi Minh City
PUMA
Assistant Colorist Apparel - Temporary
Fixed-term · Ho Chi Minh City
UNDER ARMOUR
Lead, Lab Manager - Footwear
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Crescent Mall
Permanent · HO CHI MINH CITY
H&M
3pl Business Expert - Warehouse Operations
Permanent · BIEN HOA
H&M
Distribution Center Manager
Permanent · BIEN HOA
H&M
Store Department Manager (Quản lý Ngành Hàng Tại Cửa Hàng) - đà Nẵng Based
Permanent ·
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Aeon Mall hà Đông
Permanent · HANOI
H&M
Department Manager (Quản lý Ngành Hàng) - Khu Vực Ocean Park Gia Lâm
Permanent · HANOI
By
Reuters
Published
Jun 14, 2016
Reading time
2 minutes
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Luxury fashion retailer Neiman Marcus' same-store sales fall

By
Reuters
Published
Jun 14, 2016

U.S. luxury fashion retailer Neiman Marcus Group Ltd LLC reported its third straight quarterly drop in sales at established stores and a nearly 81 percent fall in profit amid a slowdown in apparel spending.

Apparel retailers are struggling to attract customers as online shopping becomes increasingly popular. Also, unseasonably cool weather dampened sales of spring wear at major apparel retailers in the latest quarter.

Neiman Marcus - Twitter @neimanmarcus


"The prevailing sentiment across retailing is that the customer has less interest in shopping in stores, whether it be traditional department stores or other luxury specialty stores," Chief Executive Karen Katz said.

Sales at stores open for more than a year fell 5 percent for the third quarter ended April 30.

Sales were hurt by international tourists spending less because of a strong dollar, while economic uncertainty due to stock market volatility and the upcoming presidential elections tempered domestic spending, Katz said.

Rivals Macy's Inc, which runs the luxury Bloomingdale's chain, and Nordstrom Inc also reported lower same-store sales in the quarter.

Neiman Marcus, which also operates the Bergdorf Goodman stores and mytheresa.com, said it was working with its suppliers to reduce inventory by cancelling orders, returning excess inventory and negotiating for additional markdown allowances.

The retail slowdown has spooked suppliers such as Michael Kors Holdings Ltd and Coach Inc, which is pushing department store operators to cut back on promotions.

Neiman Marcus' net income fell to $3.8 million from $19.8 million a year earlier, while revenue dropped 4.2 percent to $1.17 billion.

The 108-year-old retailer, owned by Ares Management and Canadian Pension Plan Investment Board, had filed for an initial public offering in August last year. Reuters reported in October that the IPO had been pushed to 2016 due to volatile stock markets.



 

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