Neiman Marcus losses grow after breach

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

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