Neiman Marcus Q1 Revenues Up 7.5%

The Neiman Marcus Group announced a 7.5 percent rise in company-wide revenues during the first quarter to $976 million. Comparable store (stores open for over a year) revenues increased 8.4 percent to $962 million.

Neiman Marcus Specialty Retail Stores comparable revenues for the first quarter of fiscal year 2006 increased 8.8 percent. Comparable revenues increased 8 percent and 13.7 percent at Neiman Marcus Stores and Bergdorf Goodman, respectively.

Neiman Marcus Direct first quarter revenues were 10.4 percent above last year.

October Revenues were $325 million, a 6.2 percent increase over October 2004. Comparable revenues totaled $319 million a 7 percent rise.

October and quarterly comparable revenues exclude the sales of Chef's Catalog prior to its disposition in November 2004.

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 in October increased 11.7 percent. The top selling merchandise categories in the Direct Marketing segment included shoes, handbags, jewelry, women's apparel and men's.

The Neiman Marcus Group operations include the Specialty Retail Stores segment and the Direct Marketing segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both print catalog and online operations under the Neiman Marcus, Horchow, Chef's Catalog and Bergdorf Goodman brand names.

The Group will report first quarter earnings in on December 8.