DALLAS (AP) – Neiman Marcus Inc. said Thursday that revenue at stores open at least a year climbed 8 percent to $1 million in the fiscal first quarter, down from $927 million in the same period a year ago.
The high-end retailer, which sells luxury brands like Alexander McQueen and Dolce & Gabbana, said that shoes, handbags and jewelry all sold well. Revenue growth was the strongest in the West, Southeast and Texas during the quarter, which covered August through October.
Revenue for stores, which includes the Neiman Marcus, Last Call and Bergdorf Goodman stores, rose 6.4 percent. Revenue from online and catalog sales rose 15.2 percent.
Revenue at stores open at least is a key measure of a company’s health because it excludes the impact of recently opened or closed stores.
(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)