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Designer handbags sales perk up at Neiman Marcus
Feb '08
Neiman Marcus Inc announced the preliminary company-wide revenues for January 2008.

In the four-week January period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 4.2 percent. Revenue growth trends were the strongest in the Company's stores in the Midwest, Northeast and Texas. The merchandise categories in the Specialty Retail Stores segment that performed the strongest included women's apparel, designer handbags, precious jewelry and men's.

The Company shifted the timing of its end-of-season sale for certain store locations into January from February which it believes positively impacted its January comparable revenue results.

Comparable revenues at Neiman Marcus Direct in the four-week January period decreased 0.5 percent. The top selling merchandise categories in the Direct Marketing segment included women's apparel and shoes, jewelry and accessories.

Comparable revenues for Neiman Marcus Inc for the second quarter of fiscal year 2008 increased 3.7 percent. For the second quarter of fiscal year 2008 Specialty Retail Stores comparable revenues increased 3.4 percent which represents a comparable revenue increase of 2.6 percent at Neiman Marcus Stores and 8.4 percent at Bergdorf Goodman. Neiman Marcus Direct second quarter fiscal year 2008 revenues were 5.2 percent above last year.

The Company's four-week reporting period is consistent with last year and reflects a 4-5-4 week second quarter.

Neiman Marcus Inc

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