Dive Summary:

• Luxury department store chain Neiman Marcus Inc has announced it has filed for a $100 million initial public offering after being taken private at a cost of $5.1 billion eight years ago.
• The Dallas, Texas based company currently control 41 physical stores throughout the U.S. and is reporting a sharp increase in sales on high-end merchandise.
• The company reported sales revenues reaching $4.4 billion in 2012, an increase in revenues of $4 billion in 2011. Profits for Neiman Marcus rose past $140 million total.

From the article:

... And the global luxury goods industry, which according to Euromonitor research has already grown an average of 4.2% a year since 2005, is slated to boom 7.2% a year from 2012 to 2017. Since the start of the year, competitor Saks Inc. has seen its stock boom more than 27% to $13.39 a share Friday. ...