What’s This? Neiman Marcus Posts $12.9 Million Profit?


Black sheep of retailers Neiman Marcus posted a $12.9 million profit in the quarter ending November 1. Seems impressive considering many of its brethren aren't in the green. However Neiman's earnings still fell 83.6 percent to $12.9 million from $78.8 million in the year-earlier quarter, and same store sales are down 14.5 percent from the previous quarter. So it's not as rosy as it sounds. [Reuters]