If you’re over there biting your fingernails over the state of Dogecoin and other crypto today you aren’t alone. Be right back I’m gonna go sob under my desk for a while! It’s ok though! Good news awaits us in the beauty world at least.
Neiman Marcus sales rebounded apparently in Q3 and count me shocked. Lord & Taylor, maybe you moved too quickly there….! According to reports there’s a 43 to 44 percent gain in the third quarter compared to the 2020 period and only about a 6 to 7 percent decline from the third quarter of 2019. Earnings aren’t public as of yet I don’t think…….correct me if I’m wrong!
They aren’t quite as the level they were in 2019 but things are rebounding for them quickly.
I have lost some hope in the status of luxury department stores. I feel like they are all destined for failure at this point since so many are located within malls and malls are pretty much a dying breed. We’ve lost so many greats like Barney’s and Lord & Taylor it does make me worry for other luxury stores like Nordy’s.
It feels like there’s some light at the end of a dark tunnel reading about Neiman Marcus having good sale rebound in Q3 today. I hope it continues!
As for crypto….let’s hope that rebounds too because my portfolio feels like it went down the toilet today.
Good luck! I hope you didn’t lose too much today.