Neiman Marcus, Inc. announced preliminary company-wide revenues for July 2009. The Company’s fiscal year 2008 ended on August 2, 2008, which included a fifty-third week.

Total revenues for July dropped 25.8% to $199 million from $268 million
in the four weeks of 2008. While comparable revenue for July dropped 27.3% to $195 million compared to $268 million a year ago.

In the four-week July period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, decreased 25.5 percent. The Company experienced weakness across all geographies and merchandise categories in the Specialty Retail Stores segment. Comparable revenues at Neiman Marcus Direct in the four-week July period decreased 34.2 percent.

For the thirteen week fourth quarter of fiscal year 2009, comparable revenues in the Specialty Retail Stores segment decreased 25.0 percent, including a 25.1 percent decrease at Neiman Marcus Stores and an 24.2 percent decrease at Bergdorf Goodman. Revenues for the thirteen week fourth quarter of fiscal year 2009 for Neiman Marcus Direct decreased 15.7 percent compared to last year.

As of the Company’s fiscal year end, it had a cash balance of approximately $320 million. In addition, the Company had no borrowings outstanding under its asset-based revolving credit facility and approximately $500 million of unused borrowing availability.