Upper-income shoppers who help make up the most robust part of the economy are lifting results at Neiman Marcus. The Dallas-based retailer’s CEO Geoffroy van...
most robust part of the economyThe Dallas-based retailer’s CEO Geoffroy van Raemdonck said its customers are driving up sales and profits as they shop to go back to work, attend social events and return to their regular“We know the stock market especially has been highly volatile and can impact our business, but the confluence of real estate and oil prices being sky high” is fueling demand, van Raemdonck said.
2. Neiman Marcus is acquiring more new customers who spend at least $10,000 a year with the retailer.3. They’re buying top 20 brands that are up 70% from pre-pandemic levels. Neiman Marcus is privately held and doesn’t disclose its quarterly results, but van Raemdonck said sales in the spring quarter that ended in April recorded a 30% increase from the same period last year.