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Neiman Marcus swings to Q2 profit, boosted by sales from German acquisition
Dallas -- Neiman Marcus Group swung to a profit in the second quarter, helped by a 15% increase in online sales and its acquisition of Germany luxury online retailer MyTheresa.
The upscale retailer reported a profit of $27.8 million in the quarter ended Jan. 31, compared with a loss of $84.0 million in the year-ago period. (Neiman’s loss last year was partially credited to expenses related to
Revenue grew to $1.52 billion from $1.43 billion in the prior-year period. Same-store sales and online sales rose 5.6%.
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Zappos adopts Apple Touch ID
Las Vegas – Zappos is making Apple Touch ID available to its mobile customers. The latest update of the Zappos iOS app adds the option to log in with Touch ID.
Touch ID eliminates the need for password login.
With a single touch, customers using iPhones and iPads are logged in and ready to check out. Apple first introduced Touch ID in September 2013.

