Neiman Marcus Group Ltd. is offering more discounts to move luxury merchandise, even in one of the strongest U.S. economies, as it struggles to compete in a highly promotional retail environment. Executives at the closely held Dallas-based company said it ramped up promotions in the quarter, but not all the moves were effective. And they were among the reasons the company reported a 1.5% decline in same-store sales in the latest quarter compared with a year earlier. The luxury retailer also reported a wider net loss and lower...

Source: Wall Street Journal June 11, 2019 14:46 UTC