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BRIEF-Neiman Marcus reports 0.5 pct fall in Q4 revenue to $1.12 bln
October 10, 2017 / 1:01 PM / a month ago

BRIEF-Neiman Marcus reports 0.5 pct fall in Q4 revenue to $1.12 bln

Oct 10 (Reuters) - Neiman Marcus Group LLC:

* Neiman Marcus Group LLC - ‍for Q4, co reported total revenues of $1.12 billion, a decrease in comparable revenues of 0.5% from Q4 of fiscal year 2016​

* Neiman Marcus Group LLC - including non-cash impairment charges​, net loss was $366.3 million for Q4 of FY 2017 versus net loss of $407.3 million in prior year

* Neiman Marcus - ‍recorded non-cash impairment charges of $357 million in Q4 of fiscal year 2017​

* Neiman Marcus Group LLC says in quarter, ‍experienced issues with respect to functionality and capabilities of certain portions of new NMG one system​

* Neiman marcus group llc - ‍as a result of the implementation issues with the NMG one system, company believes its revenues were adversely impacted​

* Neiman Marcus Group LLC -‍ estimates that NMG one system​ related issues led to unrealized revenues of about $55 to $65 million during fiscal year 2017 Source text for Eikon: Further company coverage:

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