US luxury retailer Neiman Marcus Group announced itself profitable in the second quarter with a net profit of $346.3 million compared a $140.6 million in the year-ago period. Revenues rose 6.2% on last year, said NMG.
There was a modest reduction in UK consumer spending last month, according to card payment specialist Visa. It said Monday that spending fell 1.1%, which followed a 1.2% reduction in January, but fashion dropped 1.6%.
High-end British department store Harvey Nichols will team up with online fashion retailer Farfetch to sell accessories and clothes through the platform as it looks to boost web sales, the companies said on Monday.