Neiman Marcus reports all round growth in October comparable revenues
07 Nov '05
2 min read
Nation's departmental store merchandiser Neiman Marcus Group Inc announced comparable revenues for the four weeks and quarter ended October 30, 2004 exclude the sales of Chef's Catalog prior to its disposition in November 2004.
In the four-week October period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus stores and Bergdorf Goodman, increased 6.7 percent. Revenue growth trends were the strongest in the Company's stores in the South and West Coast regions.
The merchandise categories in the Specialty Retail Stores segment that performed the strongest included women's contemporary sportswear and couture apparel, men's shoes, designer handbags and jewelry.Comparable revenues at Neiman Marcus Direct for the four-week October period increased 11.7 percent.
The top selling merchandise categories in the Direct Marketing segment included shoes, handbags, jewelry, women's apparel and men's.Comparable revenues for the Neiman Marcus Group for the first quarter of fiscal year 2006 increased 8.4 percent.
For the first quarter of fiscal year 2006, Specialty Retail Stores comparable revenues increased 8.8 percent. Comparable revenues for the first quarter of fiscal year 2006 compared to last year increased 8.0 percent and 13.7 percent at Neiman Marcus Stores and Bergdorf Goodman, respectively. Neiman Marcus Direct first quarter fiscal year 2006 revenues were 10.4 percent above last year.
The Neiman Marcus Group plans to report first quarter earnings on Thursday, December 8, 2005. The Company will host a conference call the same day that will be simultaneously webcast.
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