The online retail battle heats up: High-end seller Neiman Marcus posts strong FQ4 results with...

|By:, SA News Editor

The online retail battle heats up: High-end seller Neiman Marcus posts strong FQ4 results with comparable-store sales up 7.9% and revenue improving 9.3% Y/Y to cross over $1B. The most interesting tidbit from the report is that online sales at the private company - now repping close to 20% of total sales - are still growing at a healthy clip. It's a trend that Saks (SKS -0.3%), Macy's (M -1%), and Nordstrom (JWN -1.7%) will be watching closely.