Neiman Marcus Posts Handsome Rise in Revenues

The Neiman Marcus Group today reported comparable revenues for the second quarter of fiscal year 2005 that ended on January 29 increased 10.4 percent on the year earlier quarter to $1.12 billion. Total revenues, meanwhile, climbed 7.7 percent to $1.13 billion.

For the four weeks ending January 29, comparable revenues jumped 12.2 percent to $235 million on the same period last year while total revenues for the four weeks rose 10.1 percent to $236 million.

Revenue growth was strongest in the West and Southeast, while top merchandise categories were contemporary sportswear, fine apparel, women's shoes, fur and men's shoes.

In the direct-to-consumer business, the top merchandise categories were women's apparel, women's shoes, handbags, furniture and rugs.

The retailer predicts comparable store revenues for the third quarter of its fiscal year 2005 to increase in the range of 3-5 percent.