While Neiman Marcus sales rose an impressive 5.9 percent in its fiscal third quarter, its net losses grew, thanks in part to this spring's data breach. The retailer reported a net loss of $2.7 million, compared with a profit of $70.8 million a year ago.
So far, Neiman Marcus's expenses related to its cyber attack have totaled $8.57 million. Plus, "Traffic in stores generally has been down over the past year," said CEO Karen Katz. Story