Neiman-Marcus Group reported a loss of $69...

Neiman-Marcus Group reported a loss of $69 million for the second quarter, contrasted with earnings of $3.7 million the year before. Sales of the Chestnut Hill, Mass.-based firm were up 12.5% to $258.3 million. These earnings, which differ from those reported on Oct. 16 by Carter Hawley Hale, are attributable solely to Neiman-Marcus’ first in, first out method of accounting for inventories, as opposed to the last in, first out method used by Carter Hawley Hale for its specialty store inventories.