Advertisement
YOU ARE HERE: LAT HomeCollections

EARNINGS

October 20, 1987

Neiman-Marcus Group reported a loss of $69 million for the second quarter, contrasted with earnings of $3.7 million the year before. Sales of the Chestnut Hill, Mass.-based firm were up 12.5% to $258.3 million. These earnings, which differ from those reported on Oct. 16 by Carter Hawley Hale, are attributable solely to Neiman-Marcus' first in, first out method of accounting for inventories, as opposed to the last in, first out method used by Carter Hawley Hale for its specialty store inventories.

Advertisement
Los Angeles Times Articles
|
|
|