Fiscal cliff? Neiman Marcus isn't worried.
Karen Katz, president and CEO of Neiman Marcus, spoke with David Moin at Women's Wear Daily about the all the uncertainty the retailer is facing right now: the global economy, the fiscal cliff, Hurricane Sandy and more.
She's not impressed.
"We have seen no change in the mood of our customers," she told WWD. “They are learning to live with uncertainty, and we are learning to manage our business in the mood of uncertainty.”
And she's not worried about Black Friday weekend either, saying that Neiman Marcus' core customer generally shops steadily throughout the season.
Katz's customers are luxury consumers, and she said during a conference call that the store's most affluent shoppers are "spending with confidence."
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