Wednesday, March 11, 2009
Dallas-based Neiman Marcus posts a half billion dollar loss in fiscal second quarter
The $500 million+ loss resulted from a series of write-downs, whatever that means.
Dallas-based Neiman Marcus reported a fiscal second quarter loss of $509.3 million Tuesday. The half-billion dollar loss includes a bunch of write-downs, which skew the results just a tad. However, even adjusting for the write-downs, the company "only" made $24.6 million in the second quarter, whereas they made $187.3 million last year.
So, did no one buy the Cowboys endzone?
Posted by Alex B.
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