The Neiman Marcus Group, Inc. announced that total revenues for the four weeks ended November 27, 2004 increased 5.0% to $308 million, compared to $293 million in the year-ago period. Comparable store sales increased 8.4%.
Comparable revenues exclude the sales of Chef’s Catalog prior to its disposition in November 2004.
In the four-week November period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 6.6 percent. Revenue growth trends were the strongest in the Company’s stores in the Southeast. Merchandise that sold well in the Specialty Retail Stores segment included women’s contemporary sportswear and dresses, designer handbags, shoes and precious jewelry.
Comparable revenues at Neiman Marcus Direct in the four-week November period increased 16.5 percent. Top selling merchandise in the Direct Marketing segment included women’s apparel, handbags, shoes, accessories and linens.
The Company currently anticipates comparable revenues for the second quarter of fiscal year 2005 to increase in the range of 8% – 10%.
The Company’s four-week reporting period is consistent with last year and reflects a 4-5-4 week second quarter.
