Tuesday, 10 March 2015

Neiman Marcus Group Buoyed By New Trends

The Neiman Marcus Group likes the look of European fashion and is hoping for a much-needed lift in ready-to-wear sales. “We believe there is going to be a reason to buy ready-to-wear. We feel pretty positive about the kinds of trends we are seeing,” Karen Katz, NMG’s president and chief executive officer, said from Paris during a conference call recapping the company’s second fiscal quarter and plans. “Going into the spring season, we are probably as excited as we have been in a number of seasons about the big fashion change,” Katz said. “There is a big movement of this bohemian look. The Seventies, as a reference period, are all over the runways. We do believe the kinds of ready-to-wear we are seeing on the runway, the kind of shoes, are things customers don’t necessarily have in her closets. There’s a completely different pant silhouette. “There are just different fashion trends than we have seen in the past couple of years. For our fashion customer, we believe there is going to be a reason for her to buy ready-to-wear. We think it’s reflected in our designer ready-to-wear business. We are having one of the better seasons we’ve had in the last number of

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