Ever since the month of June and July are over, companies have come forward to announce their profits or losses for half of this year. The latest one to announce an increase is retailer Neiman Marcus. Neiman Marcus, a first class department store retailer, has announced that its stores’ revenue rose 12.3 percent in Q2 this year.
Neiman Marcus’s increase in revenue is due to the sales of women’s clothing, shoes, designer handbags and jewelry. In a retail store, it’s always the ladies who do more shopping than the men so it comes to no surprise if Neiman Marcus is attributing its increase to women items sold.
The total revenue comes from Neiman Marcus and Bergdorf Goodman stores. Stores in New York, Texas and the West have managed to accumulate the largest revenue, and New York itself is considered a fashion spot for tourists, which comes to no surprise. The company’s total revenue up to July 31 increased from $199 million to $226 million.
