The Neiman Marcus Group, Inc. July comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 7.9%. Revenue growth trends were the strongest in the Company’s stores in the Southeast and at Bergdorf Goodman in Manhattan.
4 weeks ended
July 29, July 30,
2006 2005 % Change
---------------- --------------- ----------
Total Revenues $249 million $226 million 9.7%
Comparable Revenues $242 million $225 million 7.5%
13 weeks ended
July 29, July 30,
2006 2005 % Change
---------------- --------------- ----------
Total Revenues $915 million $840 million 9.0%
Comparable Revenues $890 million $835 million 6.6%
52 weeks ended
July 29, July 30,
2006 2005 % Change
---------------- --------------- ----------
Total Revenues $4.11 billion $3.77 billion 8.8%
Comparable Revenues $3.99 billion $3.74 billion 6.8%
All figures have been adjusted to exclude the revenues of Gurwitch Products, L.L.C.
The merchandise categories in the Specialty Retail Stores segment that performed the strongest included jewelry, women’s contemporary sportswear, designer handbags, women’s shoes and men’s.
Comparable revenues at Neiman Marcus Direct in the four-week July period increased 11.5 percent. The top selling merchandise categories in the Direct Marketing segment included jewelry, women’s apparel and shoes, handbags, furniture and rugs and men’s.
Comparable revenues for the Neiman Marcus Group for the fourth quarter of fiscal year 2006 increased 6.6 percent. For the fourth quarter of fiscal year 2006, Specialty Retail Stores comparable revenues increased 5.8 percent, including a 4.7 percent increase at Neiman Marcus Stores and a 12.7 percent increase at Bergdorf Goodman. Neiman Marcus Direct fourth quarter fiscal year 2006 revenues were 13.2 percent above last year.
On a separate matter, the Company announced that its majority interest in Gurwitch Products, L.L.C. was sold to Alticor Inc. on July 27, 2006, for cash proceeds of approximately $40.8 million.
