S&P cuts debt rating for Neiman Marcus

Neiman Marcus, luxury, retail, retailer
The Neiman Marcus sign outside a store in Golden, Colorado December 9, 2009. Upscale retailer Neiman Marcus Inc reported a lower quarterly profit as consumers continued to avoid luxury items amid a slowdown the company expects will last for some time. REUTERS/Rick Wilking (UNITED STATES BUSINESS) - RTXRO0T

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