Neiman Marcus has appointed Adam Orvos as Executive Vice President and Chief Financial Officer. Orvos replaces interim CFO Dale Stapleton, who will continue to serve as the company's SVP and Chief Accounting Officer.
The Paramus, New Jersey-based watchmaker reported its fourth quarter and full fiscal year 2018 results on Thursday, announcing a sales increase of 14.1% in Q4, driven by strong performances in its European subsidiaries.
UK and Spanish fashion retailers may be struggling but landlord Intu managed to report higher profits for 2017. Yet rental growth slowed in a tough market where store spaces are becoming less profitable for retailers.
The Japanese cosmetics group announced on Thursday that company sales increased more than 2% in 2017, while net profit gained 16%, on the back of last year's tourist influx in Japan and strong sales across Asia.