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Article: Neiman Marcus, Bergdorf's report earnings up 12.2%. (Bergdorf Goodman Inc.)(Brief Article)
- Article from:
- WWD
- Article date:
- February 19, 1997
CopyrightCOPYRIGHT 1997 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Boosted by same-store sales gains at Neiman Marcus Stores and Bergdorf Goodman, Neiman Marcus Group Inc. reported earnings grew 12.2 percent in its second quarter ended Feb. 1.
"We are pleased with the fall season performance," Richard A. Smith, chairman and chief executive officer, said in a statement Tuesday. "We are optimistic that the strong demand trends we have been witnessing for luxury goods will continue."
Second-quarter profits at the company, based in Chestnut Hill, Mass., grew to $25.6 million, or 52 cents a share, from $22.8 million, or 41 cents, a year earlier. Operating income jumped 12.2 percent to $50.9 million, from $45.4 million. ...