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Debt-laden Neimans Closes Out FY18 on an Upswing

Despite the company’s $4.4 billion in debt, Neiman Marcus Group closed out the fourth quarter on an upward sales trend. In a Nutshell: Neiman Marcus, which operates its namesake stores as well as Bergdorf Goodman, reported its fourth consecutive quarter of positive sales. Inventory in the U.S. was down 7 percent compared to last year…

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