Shoes Shine at Neiman Marcus

Shoes were the star performer for Neiman Marcus Group in its first quarter.

The category performed highest for the firm overall, while men’s shoes also drove sales online.

A year after being sold to new investors, the group which recently acquired, reported a profit of $196,000 versus a $13.1 million loss in the year-ago quarter.

In the three-months ending Nov. 1, sales were up 5.1 percent to $1.19 billion compared with $1.13 billion a year ago. Comp store sales were up 5.5 percent in the quarter.

The firm also reported $4.3 million in expenses related to a cyber-attack during last years holiday season.

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