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Neiman shines; echoes strong results from luxe chains
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[Reuters] - The performance of the US stock market "directly affects" how Neiman's well-heeled clientele feels, said Karen Katz, chief executive of the privately held company that runs the Neiman Marcus chain and Bergdorf Goodman. "People feel better," Katz said
Luxe chains see room for many more outlet stores
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[Reuters] - Neiman Marcus CEO Karen Katz said at the Summit that the retailer's Last Call chain of 28 outlets is a way "to reach that price-sensitive fashion customer that is out there and in most cases not ready yet to shop Neiman Marcus.
Luxury sector wants easier U.S. visa rules
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[Reuters] - UL CEO Karen Katz. The chain's Bergdorf Goodman store in Manhattan is also a big draw for tourists. A State Department official told Reuters the Obama administration understands the industry's concerns and its role in the US economy, but must weigh
Neiman Marcus beefs up tech to fight off upstarts
www.reuters.com
[Reuters] - Neiman Marcus is reaping the benefit of being an early pioneer among luxury department stores to embrace e-commerce, and growth there will continue to outpace its brick-and-mortar stores, Neiman Marcus Chief Executive Karen Katz said on Wednesday.
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