×
51
Fashion Jobs
H&M
Area Manager - Vietnam
Permanent ·
L'OREAL GROUP
Key Account Executive - Modern Trade
Permanent · Ho Chi Minh City
PUMA
Assistant Manager Development Fabric Apparel
Permanent · Ho Chi Minh City
L'OREAL GROUP
People Learning & Development, HR Manager
Permanent · Ho Chi Minh City
L'OREAL GROUP
Online Brand Manager - Vichy & la Roche Posay
Permanent · Ho Chi Minh City
L'OREAL GROUP
Social Manager - Consumer Product Division
Permanent · 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
H&M
3pl Business Expert - Allocation
Permanent · BIEN HOA
H&M
Nhân Viên tư Vấn Bán Hàng Toàn Thời Gian Khu Vực Vincom Times City
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Tại Vincom Plaza hạ Long
Permanent · HẠ LONG
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Times City
Permanent · HANOI
H&M
Visual Merchandiser (Phụ Trách Trưng Bày Làm Việc Tại Cửa Hàng) - hồ Chí Minh Based
Permanent · HO CHI MINH CITY
H&M
Nhân Viên tư Vấn Bán Hàng Khu Vực Royal City - hà Nội (Bán Thời Gian và Toàn Thời Gian)
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực Mega Mall Times City, hà Nội
Permanent · HANOI
H&M
Nhân Viên tư Vấn Bán Hàng Bán Thời Gian Khu Vực hà Đông, hà Nội
Permanent · HANOI
Published
Mar 13, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Neiman Marcus veers into loss in second quarter

Published
Mar 13, 2019

Dallas, Texas-based department store operator Neiman Marcus Group reported a net loss of $29.0 million for the second quarter ended January 26, 2019, on Tuesday, as the retailer pushes forward with efforts to turn its business around.


Neiman Marcus is aiming to become a more customer-focused and digitally integrated retailer - Instagram: @neimanmarcus

 
The loss represents a marked decline in comparison to the net earnings of $372.5 million reported by the company in the second quarter of fiscal 2018, when the retailer’s results felt the positive impact of a non-cash income tax benefit of around $387.8 million related to the US Tax Cuts and Jobs Act.
 
Neiman Marcus’ quarterly revenues totaled $1.39 billion, down from $1.49 billion in the prior-year period.  Comparable sales, however, did increase 0.7%.

“Our second quarter results reflect our sixth consecutive quarter of comparable sales increases,” explained Neiman Marcus Group CEO Geoffroy van Raemdonck. “The stabilization of our business continues as we work deliberately to transform Neiman Marcus Group into a luxury customer platform, fueled by technology, innovation, and supported by seasoned and talented executives who are laser-focused on this mission.”
 
Year to date, the company’s total revenues were $2.50 billion, declining from $2.60 billion in the equivalent period in the previous year, while comparable sales increased 1.6%. The retailer’s net loss for the 26-week period was $57.2 million, compared to net earnings of $346.3 million.
 
Earlier this month, Neiman Marcus announced that it had negotiated a three-year maturity extension on its credit facilities and unsecured notes. The retailer hopes that this will give it time to execute on its strategic turnaround and become more customer-focused and digitally integrated, initiatives which the company believes will help it to conquer its debt of around $4.6 billion.

On Tuesday the company also gave a first glimpse of its debut Manhattan location, a 188,000-square-foot store in NYC’s Hudson Yards development, slated to open on Friday. Spread over three floors, the store reflects the retailer’s new focus on customer engagement through a range of innovations including digitally enabled fitting rooms and a performance space.

Copyright © 2022 FashionNetwork.com All rights reserved.