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(Marketwatch)   Neiman-Marcus posts 3Q loss as sales of $1.7-million winged submarines and $400,000 his and her robots unexpectedly decline   (marketwatch.com) divider line 37
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2527 clicks; posted to Business » on 14 Jun 2014 at 1:37 AM (18 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



37 Comments   (+0 »)
   
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2014-06-14 12:31:58 AM  
I don't have a clue what they sell but a friend called them "Needless Markup". Hard to feel sorry for a company like that.
 
2014-06-14 12:33:52 AM  
also winged submarines are Hammacher-Schlemmer. Shaped like dolphins, no less.
 
2014-06-14 12:56:33 AM  
Personal drone sales up 60%

/most of that attributable to the special Hellfire missile package deal
//We make it up in volume!
 
2014-06-14 01:43:14 AM  
But the real questions is, how much are their cookies?
 
2014-06-14 01:48:04 AM  
Do not get the screen door option.  The latches are of a poor design.
 
2014-06-14 01:52:31 AM  
A year ago they made $71,000,000 in the third quarter. They are about to lose $2,670,000 in the same quarter this year. That looks like $68 million in 3rd quarter profit in two years. Not too shabby for a brick and mortar.
 
2014-06-14 01:52:51 AM  
To be honest that kind of crap as been selling steadily since 2008.
The financial crisis seemed to skip 1 - 0.1% of population differently. The free market is fickle.
 
2014-06-14 01:54:52 AM  

ImpendingCynic: But the real questions is, how much are their cookies?


$250, as I recall.
 
2014-06-14 02:06:08 AM  

bionicjoe: To be honest that kind of crap as been selling steadily since 2008.
The financial crisis seemed to skip 1 - 0.1% of population differently. The free market is fickle.


This whole culture war against the 1% should really be against the .1%. You only have to earn $350,000 a year to be in the 1%, and that's not all that much money. Any decent medical specialist makes that in a year. Doctors are hardly hedge fund managers or bankers or a Walton.

But I guess the 1% thing has a nicer ring than .1%.
 
2014-06-14 02:40:11 AM  

bionicjoe: To be honest that kind of crap as been selling steadily since 2008.
The financial crisis seemed to skip 1 - 0.1% of population differently. The free market is fickle.


I guess the hyper-rich have all the submarines and robots they need now.
 
2014-06-14 02:49:06 AM  
I saw a 2014 Corvette on the road today. Now that's something that doesn't happen often. How many has GM sold this year, a couple dozen?
 
2014-06-14 03:15:35 AM  
Hopefully they will have a sale to drum up some business. I am in dire need of a new electric cat polisher. Not one of the cheap ones. A good one that runs on rainbows and the laughter of small children.
 
2014-06-14 03:48:38 AM  
When even the people taking all of the money out of the economy won't go to Neiman Marcus, it's time to stock up on ammo and SPAM.
 
2014-06-14 04:08:26 AM  

bionicjoe: To be honest that kind of crap as been selling steadily since 2008.
The financial crisis seemed to skip 1 - 0.1% of population differently. The free market is fickle.


They had nothing to worry about. When they caused the crash in 2007, GW Bush used OUR money to cover the difference so that their bonuses wouldn't be reduced.
 
2014-06-14 05:04:26 AM  

LS1Bird: I saw a 2014 Corvette on the road today. Now that's something that doesn't happen often. How many has GM sold this year, a couple dozen?


According to a web search 3300 in just the month of May.
 
2014-06-14 05:15:52 AM  

robohobo: This whole culture war against the 1% should really be against the .1%. You only have to earn $350,000 a year to be in the 1%, and that's not all that much money. Any decent medical specialist makes that in a year. Doctors are hardly hedge fund managers or bankers or a Walton.

But I guess the 1% thing has a nicer ring than .1%.


This!  As a reasonably successful pair of engineers, my wife and I have found ourselves getting hit by every new tax measure rolled out to 'make the wealthy pay their fair share', ignoring the fact that we are regular kids from the suburbs

//any tax that targets income, and not assets, is aimed at the middle class
 
2014-06-14 05:42:59 AM  
www3.pictures.zimbio.com
Neiman-Marcus, eh?
 
2014-06-14 05:43:34 AM  

Naritai: //any tax that targets income, and not assets, is aimed at the middle class


And depending on the income and the vault it's in, you might not be taxed at all.

newcitypics.com

But, yeah... all that crap is aimed at the people with their heads above water, not wealth.
 
2014-06-14 06:56:13 AM  

Naritai: robohobo: This whole culture war against the 1% should really be against the .1%. You only have to earn $350,000 a year to be in the 1%, and that's not all that much money. Any decent medical specialist makes that in a year. Doctors are hardly hedge fund managers or bankers or a Walton.

But I guess the 1% thing has a nicer ring than .1%.

This!  As a reasonably successful pair of engineers, my wife and I have found ourselves getting hit by every new tax measure rolled out to 'make the wealthy pay their fair share', ignoring the fact that we are regular kids from the suburbs

//any tax that targets income, and not assets, is aimed at the middle class



As a rule, if you don't make your money primarily by owning things, you aren't "the wealthy."

/there are exceptions
 
2014-06-14 07:06:41 AM  

fusillade762: I guess the hyper-rich have all the submarines and robots they need now.


When you're that rich you don't buy off the rack like a peasant. You hire an evil scientist.
 
2014-06-14 07:32:41 AM  

70Ford: Neiman-Marcus, eh?


Wowee wee wah!
 
2014-06-14 08:08:59 AM  

Naritai: robohobo: This whole culture war against the 1% should really be against the .1%. You only have to earn $350,000 a year to be in the 1%, and that's not all that much money. Any decent medical specialist makes that in a year. Doctors are hardly hedge fund managers or bankers or a Walton.

But I guess the 1% thing has a nicer ring than .1%.

This!  As a reasonably successful pair of engineers, my wife and I have found ourselves getting hit by every new tax measure rolled out to 'make the wealthy pay their fair share', ignoring the fact that we are regular kids from the suburbs

//any tax that targets income, and not assets, is aimed at the middle class


...stop with this bullshiat talking point.  If $350K is 1% of all incomes, then it is, by definition, not middle farking class. That you think it is is the biggest problem to try and fix. Nowhere in America is someone making that much money "struggling" or "just barely above water". If you can't make $350K/yr. work for you, then you're just lousy with money.

/Doctors are not, and should never be considered, middle class.
 
2014-06-14 08:16:53 AM  
Wealth = Owning arable land, livestock, potable water supplies, precious metals and gems, minerals, raw materials, the means of production and distribution.  Rich = Everybody does the work that brings the money in the door FOR you.  Poor = being the person who does that work.
 
2014-06-14 08:21:12 AM  
Then there's running the whole damn show rich which consists of owning millions of people's IOUs.  Federal Reserve and investment banks, f'rinstance.
 
2014-06-14 09:00:03 AM  
neiman is out of my normal price range but their outlet stores and sales are dope. they got the best fancy junkfood i ever done seen.

and when i wanna ball out a bit i grab gifts from neiman.
 
2014-06-14 09:06:15 AM  

IlGreven: Naritai: robohobo: This whole culture war against the 1% should really be against the .1%. You only have to earn $350,000 a year to be in the 1%, and that's not all that much money. Any decent medical specialist makes that in a year. Doctors are hardly hedge fund managers or bankers or a Walton.

But I guess the 1% thing has a nicer ring than .1%.

This!  As a reasonably successful pair of engineers, my wife and I have found ourselves getting hit by every new tax measure rolled out to 'make the wealthy pay their fair share', ignoring the fact that we are regular kids from the suburbs

//any tax that targets income, and not assets, is aimed at the middle class

...stop with this bullshiat talking point.  If $350K is 1% of all incomes, then it is, by definition, not middle farking class. That you think it is is the biggest problem to try and fix. Nowhere in America is someone making that much money "struggling" or "just barely above water". If you can't make $350K/yr. work for you, then you're just lousy with money.

/Doctors are not, and should never be considered, middle class.



Class is not simply defined in terms of annual household income, or even wealth.

http://en.wikipedia.org/wiki/American_upper_class

/and "just barely above water" isn't what "middle class" means, either
 
2014-06-14 09:07:37 AM  

bunner: Wealth = Owning arable land, livestock, potable water supplies, precious metals and gems, minerals, raw materials, the means of production and distribution.  Rich = Everybody does the work that brings the money in the door FOR you.  Poor = being the person who does that work.


by that definition, I'm poor....( even though I don't consider myself to be poor)
 
Zel
2014-06-14 09:34:56 AM  
While 350k is almost 10x the median, it's still just well-off civilian. The real problem class is 10x them, where money doesn't come from income but interest. Then you get detached from the real world.
 
2014-06-14 10:57:30 AM  

syrynxx: also winged submarines are Hammacher-Schlemmer. Shaped like dolphins, no less.


www.toxel.com
 
2014-06-14 11:40:00 AM  

70Ford: [www3.pictures.zimbio.com image 427x594]
Neiman-Marcus, eh?


OK, seriously.  Now that I'm on my computer, not even a GIS turns up any useful info.  Who is that?
 
2014-06-14 11:41:22 AM  

pheed: 70Ford: [www3.pictures.zimbio.com image 427x594]
Neiman-Marcus, eh?

OK, seriously.  Now that I'm on my computer, not even a GIS turns up any useful info.  Who is that?


Answered my own question finally - Karlie Kloss
 
2014-06-14 03:05:49 PM  
Excluding items, the closely held company said it would have earned $45.1 million

What?
 
2014-06-14 04:40:34 PM  
Isn't that the retail store whose nickname is "Needless Markups?"

///Sort of like what we call an Australian home furniture and computer store chain Harvey Norman- "Hardly Normal."
 
2014-06-14 06:03:54 PM  
Is this the thread where somebody makes more on average than 99% of the human population of the planet they live on and tries to convince other people they are in the "middle" class? Good times.
 
2014-06-14 10:16:23 PM  

AgentPothead: Is this the thread where somebody makes more on average than 99% of the human population of the planet they live on and tries to convince other people they are in the "middle" class? Good times.


Yes, but it's futile, because this is also the thread where somebody will insist that annual household income is the sole determinant of upper class status, because they refuse to even try to learn anything about social class or socioeconomic status.
 
2014-06-15 09:30:12 AM  

Monkeyfark Ridiculous: As a rule, if you don't make your money primarily by owning things, you aren't "the wealthy."


Exactly.
 
2014-06-15 09:42:42 AM  

IlGreven: ...stop with this bullshiat talking point.  If $350K is 1% of all incomes, then it is, by definition, not middle farking class. That you think it is is the biggest problem to try and fix. Nowhere in America is someone making that much money "struggling" or "just barely above water". If you can't make $350K/yr. work for you, then you're just lousy with money.


Thought experiment:
Person 1 has no college degree, and has a low-skilled job from which she pays rent for an apartment.
Person 2 cruised through an Ivy League school, then inherited a corporation and even though she has significant assets and cash flow, thanks to skilled work by tax lawyers she claims no income to the IRS.
Now let's say Person 1 buys a lottery ticket and wins $200k.
Who is wealthier?
According to you, Person 1 is, because for 2014 she will claim a high income.
 
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