Neiman Marcus Earnings Jump 67% in Quarter

The Neiman Marcus Group Inc. reported net earnings of $34 million for the fourth quarter, up 67% from $21 million last year.

The direct marketer and retailer reported total revenue of $851 million for the quarter ended July 30, up 9.6% from $784 million last year.

Neiman Marcus Direct, the Dallas-based firm’s direct marketing operation, reported fourth quarter operating earnings of $19 million, up 20% last year. The unit reported revenue of $134 million up from $125 million last year.