Neiman Marcus reported comps for the five-week March period, in the Specialty Retail Stores segment, which includes Neiman Marcus stores and Bergdorf Goodman, increased 10.3%. Total revenues for the month increased 12.7% to $423 million.
Neiman Marcus, Inc. announced the following preliminary company-wide revenues: 5 weeks ended March 31, 2007 April 1, 2006 % Change Total Revenues $423 million $375 million 12.7% Comparable Revenues $414 million $375 million 10.2%
All figures have been adjusted to exclude the revenues of Gurwitch Products, L.L.C. and Kate Spade LLC.
Revenue growth trends were the strongest in the Companys stores in the Midwest and Texas. The merchandise categories in the Specialty Retail Stores segment that performed the strongest included precious jewelry, womens apparel, mens, designer handbags and shoes.
Comparable revenues at Neiman Marcus Direct in the five-week March period increased 9.9 percent. The top selling merchandise categories in the Direct Marketing segment included womens contemporary sportswear and designer apparel, shoes, designer handbags, jewelry and mens.
The Companys five-week reporting period is consistent with last year and reflects a 4-5-4 week third quarter.
Neiman Marcus, Inc. 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 online and print catalog operations under the Neiman Marcus, Horchow and Bergdorf Goodman brand names.