CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
WEATHER: Storms moving across DFW.  Check Current Conditions | Check Local Radar | Follow @CBSDFW

Local

Neiman Marcus Says Strong Sales Lift Q3

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

454116976 Neiman Marcus Says Strong Sales Lift Q3Ke$sha's Scandalous Pre-VMA Selfie

454181828 Neiman Marcus Says Strong Sales Lift Q3Billy Crystal's Robin Williams Tribute

 alt=iPhone 6 Pics Leaked!

453947324 Neiman Marcus Says Strong Sales Lift Q3Ice Bucket Challenge Fail

 alt=Musicians Then And Now

cowb thumb Neiman Marcus Says Strong Sales Lift Q3Cowboys Cheerleaders

DALLAS (AP) - Neiman Marcus Inc.’s fiscal third-quarter net income increased 13 percent on stronger sales at the luxury retailer — especially online sales.

The Dallas-based privately-held company on Tuesday reported it earned $70.8 million for the period that ended April 27 versus $62.6 million last year. The latest quarter includes a debt-extinguishment loss of $9.4 million.

Its total revenue increased to $1.10 billion from $1.06 billion.

Neiman Marcus says revenue from stores open at least a year increased 3.6 percent.

The company runs Neiman Marcus, Bergdorf Goodman and Last Call stores. It also offers online and catalog sales. Officials say the company has benefited from upscale shoppers spending more on luxury goods.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

MOST VIEWED GALLERIES