Comparable revenues at Neiman Marcus go up 21.4% in July

05 Aug '05
3 min read

Dallas based specialty retail stores segment and the direct marketing segment, The Neiman Marcus Group Inc announced preliminary company-wide revenues for July 2005. The Company's fifty-two week fiscal year 2005 ended on July 30, 2005.

Comparable revenues for all periods ended July 30, 2005 exclude the sales of Chef's Catalog prior to its disposition in November 2004.

In the four-week July period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 3.9 percent.

Revenue growth trends were the strongest in the Company's stores in the Southeast, West and Texas. The merchandise categories in the Specialty Retail Stores segment that performed the strongest included women's fine apparel and contemporary sportswear, men's shoes, accessories and designer handbags.

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Comparable revenues at Neiman Marcus Direct in the four-week July period increased 21.4 percent. The top selling merchandise categories in the Direct Marketing segment included women's shoes, handbags, accessories, jewelry, women's apparel and men's.

Comparable revenues for the Neiman Marcus Group for the fourth quarter of fiscal year 2005 increased 9.6 percent. For the fourth quarter of fiscal year 2005, Specialty Retail Stores comparable revenuesincreased 7.4 percent. Neiman Marcus Direct fourth quarter fiscal year 2005 revenues were 19.5 percent above last year.

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