Luca's Letter

The News in Brief

Neiman Marcus’s third-quarter earnings declined as the retailer was forced to offer more promotions to contend with weaker demand for luxury goods, according to people with knowledge of the closely held firm’s financial results.






The online personalized styling service firm said on Tuesday it would explore exiting the UK market in its fiscal year 2024, blaming a weakening macro environment and increasing costs.


The company said on Wednesday sales of its spring-summer collection gathered pace to jump 16 percent in May, as the retailer mitigates higher wage costs and keeps customers onside during a cost of living crisis.


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