Neiman Marcus Q4 loss widens on debt-related expense as sales rise 11%

Dallas -- Neiman Marcus Group reported a fiscal fourth-quarter loss on debt-related expense and slightly lower margins, even as its revenue rose 11%. For the quarter ended July 30, Neiman Marcus lost $61.4 million, compared with a year-earlier loss of $32.8 million. Excluding a $42.7 million after-tax loss on debt extinguishment, the adjusted loss was $18.7 million. Gross margin narrowed to 30.5% from 30.9%. Sales rose 11% to $919.7 million. Same-store sales rose 11%. Similar to other upscale marketers, Neiman Marcus has seen its sales rise the past year as post-recession wealthy shoppers resumed their spending. But industry experts