Neiman Marcus Achieved A Modest Growth In The Three Quarter

The company owns Neiman Marcus Niemann Marcus, the same name department store, discount department store, e-commerce website and boutique department BergdorfGoodman, and the Neiman MarcusGroupLtd.LLC Marcus group, which acquired the German luxury electric business MyTheresa in October last year, achieved a net profit of 19 million 800 thousand US dollars, compared with a net loss of 8 million US dollars in the same period last year. Operating profit increased by 71.4% to $108 million per year, and profits before EBITDA depreciation and amortization increased by 24.5% to $185 million 700 thousand.

Benefit from Luxury goods Retail sales were booming. The US high-end department store Neiman MarcusGroupLtd.LLC Niemann Marcus Group recorded a 4.8% increase in sales in the three quarter, which turned out to be a year-on-year loss.

With the promotion of footwear, beauty and men's wear, sales in the three quarter increased from $1 billion 164 million 700 thousand in the same period last year to $1 billion 220 million 100 thousand, while sales in the same store increased by 2.2%, slowing sharply from 5.6% in the two quarter, mainly due to severe cold weather and a sharp drop in the number of international tourists. Handbag and Jewelry category The performance is relatively weak. Quarterly inventories rose 7.2% year-on-year.

Electricity supplier MyTheresa sold $80 million 600 thousand in the three quarter, double the $38 million 500 thousand in the two quarter.

Neiman MarcusGroupLtd.LLC Niemann Marcus group was leveraged for $6 billion in September 2013 by an investment consortium headed by AresManagementLLC and CanadaPensionPlanInvestmentBoard. At present, the group has a liability of $4 billion 500 million, which has to pay interest of $260 million per year.