Dogecoin’s Fading But Neiman Marcus Sales Rebound
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.
Sigh!
Good luck! I hope you didn’t lose too much today.