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Neiman Marcus reports Q4 and fiscal year earnings
25 Sep '08
3 min read
The Company also recorded other expense of $5.5 million in the fourth quarter of fiscal year 2007 which includes an $11.5 million pretax impairment charge related to the writedown to fair value in the net carrying value of the Horchow tradename, offset by $6.0 million of other income related to aged, non-escheatable gift cards.
In addition, the Company recorded other income of approximately $4.2 million in the first quarter of fiscal year 2007 which represents proceeds it received from its investment in an Internet retailer. These three items resulted in net other expense of $1.3 million for fiscal year 2007.
In addition, the Company recorded other income of approximately $4.2 million in the first quarter of fiscal year 2007 which represents proceeds it received from its investment in an Internet retailer. These three items resulted in net other expense of $1.3 million for fiscal year 2007.
Neiman Marcus Inc
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