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Specialty retailer Neiman Marcus Jan sales drop 2.6%

03
Feb '06
Specialty retailer Neiman Marcus Group Inc announced the following preliminary company-wide revenues:

In the four-week January period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus stores and Bergdorf Goodman, increased 4.7 percent.

Revenue growth trends were the strongest in the Company's stores in the Southeast and West Coast.

The merchandise categories in the Specialty Retail Stores segment that performed the strongest included women's contemporary sportswear and designer apparel, designer handbags, shoes, home decor and men's.

Comparable revenues at Neiman Marcus Direct for the four-week January period decreased 2.6 percent.

Sales were negatively impacted by the Company's decision to shift certain catalog mailings that occurred in January of the prior fiscal year to December of the current fiscal year.

The top selling merchandise categories in the Direct Marketing segment included handbags, accessories, women's designer apparel and contemporary sportswear and men's.

Comparable revenues for the Neiman Marcus Group for the second quarter of fiscal year 2006 increased 6.4 percent.

For the second quarter of fiscal year 2006, Specialty Retail Stores comparable revenues increased 4.5 percent, which represents a comparable revenue increase of 3.9 percent at Neiman Marcus Stores and 8.7 percent at Bergdorf Goodman.

Neiman Marcus Direct second quarter fiscal year 2006 revenues were 13.2 percent above last year.


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