Neiman Marcus Comparable Sales for March Rise 3.4%

Neiman Marcus reported today (Thursday) that comparable revenues for the five weeks ended April 2, 2005, were up 3.4 percent from the corresponding period a year earlier to $348 million. Total revenues for the period rose 2.2 percent to $350 million.

In the five-week March period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 1.6 percent. March sales results were negatively impacted by the store closings on Easter Sunday which occurred in March this year compared to April last year.

Neiman Marcus experienced the strongest sales in the Western region. The merchandise categories in the Specialty Retail Stores segment that performed well included women's contemporary sportswear and designer apparel, fashion accessories, men's shoes, beauty and designer jewelry.

Neiman Marcus currently expects comparable store revenues for the third quarter of fiscal 2005 to increase in the range of 5 percent to 6 percent compared to last year.