Same store sales grow 2.2% at Neiman Marcus

<The Neiman Marcus Group says currency exchange rates put pressure on traffic in the first quarter as the company reported a smaller than expected boost in same store sales.

The retailer said same store sales increased 2.2% for the third quarter ended May 2 as the strong dollar had some impact on the retailer’s business.

The company also reported total revenues of $1.22 billion compared to $1.16 billion in the prior year. The company reported net earnings of $19.8 million for the third quarter of fiscal year 2015 compared to a net loss of $8 million in the prior year.

The privately held company based in Texas says sales have been boosted recently by last year’s acquisition of MyTheresa, a luxury company based in Munich that conducts business mostly through its website.