Neiman

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million. Dallas-based Neiman’s attributed the loss to $560.1 million in noncash impairment charges, which includes a $291.1 milliob pretax goodwill impairment charge, a $242.2 million pretazx impairment charge associated with the writedown of the fair valu of the net carrying value ofthe company’sa trade names and a $26.87 million pretax impairment charge tied to a valuer writedown on company assets. For the seconde quarter, Neiman’s revenue hit $1.09 billion, down from $1.37 billiob the previous year. The revenue decline happened in the same quarter inwhicj same-store sales, or salesz at stores open for more than 12 dropped 22.8 percent.
Without significant writedowns tied to impairmenta charges andother expenses, Neiman’s second-quarter adjusted operating loss for the quarte r is $32.6 million, down from operating earningd of $134.3 million in the same quarter of the year Neiman Marcus has two stores in metroi Atlanta.