Neiman Marcus Lost A Net Loss Of $10 Million 500 Thousand In The First Quarter

Neiman Marcus is the most expensive and unique fashion product retailer in the United States. It is a high-end high-end department store based on luxury goods. It has a history of more than 100 years.

The company is headquartered in Dallas, Texas, and the brand that can enter the department store is the highest in every industry.

According to the latest news, luxury stores in the United States are high-end department stores.

First quarter performance was poor, and sales and profits fell.

In the first quarter of October 31st, the group's total revenue fell 1.8% to $1 billion 160 million from $1 billion 190 million in the same period last year, while same store sales fell 5.6%.

The net loss in the quarter was $10 million 500 thousand, compared with a net profit of $196000 in the same period last year.

Adjusted earnings fell 15.4% to $164 million 300 thousand from $194 million 300 thousand in the same period last year.

Operating income also declined.

Neiman Marcus has been committed to initial public offerings, but it is said that these plans have been cancelled during the stock market turmoil in August.

Under the impact of the electronic commerce era, traditional department stores have been hit to varying degrees.

Famous American Chain Corporation Macy 's Inc.

In September this year, it said it would close 35 -40 shops with poor performance early next year to face the future development of the digital age.

This is already the second round of shop closes in the company this year. Since January, Macy 's Messi department store has closed its 14 stores of the same name.

All along, Macy 's Messi stores are based on physical stores.

However, they are being restructured to better serve shoppers in the digital age.

Macy s Messi Terry, chairman and chief executive officer, said: "the physical store is still critical to our all channel strategy. It provides local connection points and classifications of products customized for customers in every major market."

However, with the opening of new shopping centers, many customers have changed their shopping habits.

While Neiman Marcu is trying to solve the consumer behavior of visual shopping, the retailer will expand its application of "Snap. Find. Shop." and will spread to all luxury sectors to face the growing mobile phone shopping shopping business.

Neiman Marcus chief executive Karen Katz said the company's goal is to make it easier for consumers to shop on their phones.

By the three quarter of 2015, e-commerce accounts for 25.8% of total sales of Neiman Marcus, including mobile phone consumption.

By the end of 2014, 23.9% of purchases were from e-commerce.

Neiman Marcu, a luxury chain store, has been committed to promoting e-commerce consumption.

In September 2014, Neiman Marcus agreed on the acquisition of Mytherera.com online luxury business with its founders Christoph and Susanne Botschen couple and their investor Acton Capital Partners. It only took four months to acquire Mytherera.com and formally face it.

Competitors Net-a-porter, Matchesfashion.com and Yoox group's The Corner.