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Neiman Marcus has strong third quarter
Dallas – Neiman Marcus had a strong third quarter fiscal 2013, reporting a substantial increase in net earnings as well as growth total revenues and same store sales.
Net earnings grew 13% compared to third quarter of last year, from $62.6 million to $70.8 million from $62.6 million.
Total revenues increased 4%, from $1.06 billion to $1.1 billion.
Same store sales grew 3.6%. -
Dollar General cuts profit forecast despite strong quarter
Goodlettsville, Tenn. -- Dollar General reported record net income and sales during for the first quarter, but still reduced the top end of its profit forecast due to moderating same-store sales.
The discounter reported net income of $220 million, up 3% from $213 million in the first quarter of 2012. Net sales totaled $4.23 billion, up 8.5% from $3.9 billion.