Neiman Marcus debt climbs after better earnings
Debt investors showed some faith that luxury department store Neiman Marcus would ride out challenges in the US retail sector on Tuesday as it posted better than expected quarterly earnings, causing its debt to trade up in the secondary market.
The US luxury retailer posted a loss of $366.3m during the fourth quarter of its 2017 fiscal year, but that was seen as an improvement compared with the $407.3m loss achieved in the equivalent period last year.
Revenue was 0.5% down on the same quarter last year, but
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