Van Raemdonck doesn’t view Neiman Marcus as a department store. Instead, he considers it to beRevenue increased 30% in its last fiscal year that ended in July, as retail spiked after the lows of the pandemic when stores were closed. Momentum has continued with sales up 6% in its first quarter that ended in October.So far, Neiman Marcus, which is privately held, hasn’t said how its holiday shopping season went. It will report the current quarter that ends this month to its shareholders in March.
But both Nordstrom and Macy’s said higher-income customers were still showing a willingness to spend. Macy’s CEO Jeff Gennette said the retailer’s higher-end Bloomingdale’s and Bluemercury stores continued to outperform Macy’s throughout the holiday season.
How about that crushing debt? How's all that working out?
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