financial
financial

Neiman Marcus Powers Ahead With 187% Spike in Earnings

Inventory and expense management led to the Neiman Marcus Group’s 187 percent leap in earnings in the quarter ended July 31.

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The company ended the year with $368.4 million in cash and cash equivalents, up from $207 million at year-end 2003.

“The financial strength of the company provides us with the flexibility to pursue initiatives and strategies that will further enhance our position with the affluent customer and increase the value to our shareholders,” Tansky said in a statement.
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